Article | India's Electric Vehicle Sector Charges Ahead in 2023: Year-End Review Unveils Surging Sales and Future Initiatives
Year-end-Review of Ministry of Heavy Industries and Industry Leaders' Takes
In its Year-End Review for 2023, the Ministry of Heavy Industries disclosed significant advancements in India's electric vehicle (EV) sector. The government's steadfast commitment to providing clean and green public transport is exemplified through the implementation of Phase-II of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme. The scheme, with an initial outlay of Rs. 10,000 crores over five years from 1st April 2019, aims to reduce dependence on fossil fuels and combat vehicular emissions.