It was not long back since the Budget 2019 was revealed and the auto industry along with the EV makers kept waiting patiently for their share of announcements, but no major plans were disclosed in support to the industry. But now the government has announced the allotment of Rs.5,000 Cr fund for the support and growth of the electric vehicle infrastructure in the country by 2025. The plan comes in as an integral part of the momentous Rs 88,500 Cr scheme under which Rs.83,500 Cr has been reserved for equipping the current power stations with the latest technology to curb emissions and greenhouse gases, while rest of the funds will go to building modern EV infrastructure. The development of the electric vehicle infrastructure will take place in the 70 major Indian cities within the next five to six years.

(Financial Express)