India recently surpassed 5 million electric vehicles (EVs) on its roads. As 2024 draws to a close, we have a milestone to celebrate and a better growth trajectory to anticipate in 2025. National EV adoption has surged from 0.7% in 2020 to 6.3% of the vehicular base in 2024. The country's on-road EV count includes 2.6 million two-wheelers, 2 million three-wheelers, 300,000 four-wheelers and over 10,000 buses. Collectively, the plying of these zero-emission vehicles has reduced carbon emissions by an estimated 10 million tonnes.
This EV growth story underlines our commitment to ambition coupled with action. A growing hub for EVs and their components, India has been pushing the boundaries of innovation and investment in green mobility solutions. The past decade has been the harbinger of a paradigm shift in Indian mobility. Under the leadership of Prime Minister Narendra Modi, India witnessed the pulling of policy levers that catapulted EV adoption across various segments.
Catalytic schemes reflect the government's confidence in EV adoption to help meet climate targets. Together, central and state government schemes have invested $15.1 billion in electric mobility. Additionally, startups in this space have received $6.4 billion in private funding.
Denne historien er fra December 23, 2024-utgaven av Mint Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 23, 2024-utgaven av Mint Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A boycott of Costco for its DEI efforts is not likely to succeed
The US retailer has a loyal base of shoppers that it's unlikely to lose
Wealth tax: Let's judge it by principles of taxation
Tax canons laid down by Adam Smith remain relevant, though his list has been extended. Test the idea of a wealth tax against these, lest we get carried away by progressive idealism
MFD, RIA, RA: Explore your career as a financial adviser
Understand the earning potential, licensing and compliance to choose your best suited path
Hacked in 2024? India's privacy rules require you to take action
Draft digital personal data protection rules demand that data breaches be reported retrospectively
Cutting Through the Clutter: Key Focus Areas for Retail Investors in 2025
Remember that social media is for fun, and not serious topics such as personal finance advice
Health insurance claims: How to ensure grievance redressal
My health insurer recently rejected my claim, citing my inability to provide key internal hospital papers that they require.
Assam mining tragedy: Rescue operations on for fourth day
Rescue operations by multiple state and central agencies continued for the fourth day on Thursday to locate trapped miners inside an illegal rat-hole coal mine in Dima Hasao district of Assam, officials said.
Bank officers' union warns of strike
Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on 24-25 February to press for their various demands, including a five-day work week and adequate recruitment in all cadres.
Centre to give LPG subsidy to oil PSUs
The government is likely to provide a subsidy of ₹35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, people aware about the development said.
Earthquake-hit Tibet calls off search
Chinese officials say the focus is shifting to relocating the displaced survivors.
