Scheme to Promote Manufacturing of Electric Passenger Cars in India

In a significant move aimed at revolutionizing the electric vehicle (EV) landscape in India, Government of India has approved the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) on March 15th, 2024. This marks a pivotal moment in India's journey towards sustainable mobility and economic growth.

The SPMEPCI represents a monumental step towards achieving Prime Minister Narendra Modi's vision of a cleaner, greener, and more self-reliant India. By leveraging the potential of electric vehicles, the scheme not only promises to mitigate air pollution, reduce the trade deficit, and lessen dependence on imported crude oil but also heralds a new era of innovation, employment generation, and economic prosperity.