The Society of Manufacturers of Electric Vehicles (SMEV) on Thursday said that the PM-eBus service will act as a catalyst to promote electric vehicles to boost the penetration of electric mobility in urban centres.

“Buses being a major source of urban pollution, this decision will go a long way in reducing pollution levels and resultant carbon emissions,” SMEV Director General Sohinder Gill said in a statement.

“Additionally, this strategic maneuver is set to act as a catalyst for the promotion of electric vehicles in various urban centres, leading to more widespread adoption of electric mobility,” he added.

The initiative has the potential to generate direct employment opportunities and help improve existing resources, he said, adding that the scheme would also offer economies of scale for the purchase of electric buses.

He added that it will also play a vital role in taking India towards self-reliance, environmental stewardship and its projected status as a hub of EVs (electric vehicles).

“Two-wheelers are used by the masses and its electrification can become a significant contributor to India’s EV mission,” he added.

The Union Cabinet on Wednesday approved the ‘PM-eBus Sewa’ scheme, under which 10,000 electric buses will be provided to 169 cities under the public-private partnership model.

The estimated cost of the scheme will be Rs 57,613 crore, of which Rs 20,000 crore will be provided by the central government and the rest will be borne by the states.

The PM-eBus service will support bus operations for 10 years.

(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content was auto-generated from a syndicated feed.)

first published: 17 August 2023 | 6:49 pm First

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