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Union Budget 2024-25 sets right tone for a sustainable, EV ecosystem
FY2024-25 is a crucial year for EVs in India. While the FAME I and II schemes have successfully generated demand for the segment, the real floor test of the segment’s feasibility and expansion begins now. With significant investments already in place and more flowing in under the PLI scheme for the EV technology, battery manufacturing and charging stations, among other parts for automotive, the announcements made by the government under theBudget 2024-25 sets the right tone for a sustai...
