Sunday, March 3rd, 2024

Boom will come in EV industry, government invested Rs 800 crore to speed up electric vehicles

Photo: File Boom will come in EV industry, government has given 800 Cr. Rupees

EV Industry: The Ministry of Heavy Industries has approved Rs 800 crore for three public sector petroleum marketing companies to set up 7,432 fast charging stations for electric vehicles across the country. This amount has been given under the second phase of the scheme to accelerate the manufacturing and adoption of electric vehicles in the country (FAME). The ministry has released Rs 560 crore i.e. 70 percent of the total amount to three companies Indian Oil (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) under the first installment. With this amount, these companies will set up charging stations at their respective petrol pumps to charge electric vehicles.

Work expected to be completed by March 2024

As per the official statement, the installation of charging stations is expected to be completed by March 2024. At present, there are 6,586 charging stations across the country. “The new 7,432 public charging stations will provide a significant boost to the electric vehicle charging ecosystem,” according to the release. It added that the charging stations can be used for charging two-wheelers, four-wheelers, light commercial vehicles and minibuses. Will be able Heavy Industries Minister Mahendra Nath Pandey said that the move will give a boost to the electric vehicle ecosystem in India. This will encourage more and more people to adopt clean means of transport.

Know how much the battery of electric car and scooter costs

After the battery of electric car and scooter gets damaged, buying it can cost up to 30% of the cost of the vehicle. Its price is less in the local market, but it is very difficult to get warranty and range guarantee. There is a possibility of fire in the vehicle if the battery of any other electric car and scooter is used. Buy it only from the authorized service center or the company that owns the vehicle.

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