 "With the launch of the ~10,900 crore PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) and the ~3,435.33 crore PM-eBus Sewa-Payment Security Mechanism (PSM) scheme, the industry is optimistic that these initiatives will sign")
The country’s public transportation sector is steering towards a greener future.
With the launch of the Rs 10,900 crore PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) and the Rs 3,435.33 crore PM-eBus Sewa-Payment Security Mechanism (PSM) scheme, the industry is optimistic that these initiatives will significantly boost electric bus (e-bus) penetration.
Between January 1, 2019, and September 13, 2024, India sold 373,810 buses, with only 9,108 — just 2.4 per cent — being electric, according to data from the Ministry of Road Transport and Highways' Vahan portal.
This slow adoption persists despite the government’s