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<root>
    <author>ENA</author>
    <category>Sectors</category>
    <date>2025-01-08 16:34:54</date>
    <fulldesc>&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;&lt;strong&gt;New Delhi, Jan 8 (KNN)&lt;/strong&gt; India is approaching a significant milestone in its electric vehicle (EV) export sector, according to Vimal Anand, Joint Secretary of the Ministry of Commerce and Industry. &lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Speaking at the curtain-raiser event for the upcoming Bharat Battery Show, part of the Bharat Mobility Global Expo 2025, Anand highlighted that while domestic EV consumption has already reached a take-off stage, the export sector is poised to follow suit, driven by new acquisitions and expanding manufacturing capabilities.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The Production-Linked Incentive (PLI) scheme plays a crucial role in this growth trajectory by encouraging local manufacturing and innovation, Anand emphasised. &lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The initiative aims to enhance India's capacity to produce premium batteries and electric vehicles while reducing import dependency and stimulating economic growth.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The government's commitment to EV infrastructure development is further demonstrated through the PM E-drive scheme, which has allocated Rs 2,000 crore for fast-charging system development. &lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;This investment is expected to accelerate EV adoption across the country. Looking ahead to 2030, India anticipates a demand for 300 GWH of advanced batteries for e-mobility, underlining the critical role of energy storage technologies in the nation's green transition.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The upcoming Bharat Mobility Global Exposition and Bharat Battery Show are expected to showcase more than 20 new product launches, marking a significant milestone in India's e-mobility journey. &lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;IESA President Debi Prasad Dash announced that the event will be preceded by two knowledge conferences: the 4th India Battery Manufacturing and Supply Chain Summit on January 15-16 and the India Battery Recycling and Reuse Summit on January 18.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The exhibition at Bharat Mandapam will feature key knowledge sessions, including a startup connect program and an India charging infrastructure forum on January 21. &lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Dash emphasised that the Battery Tech, Recycling, and Charging Infra Pavilions will demonstrate India's progress in these critical sectors and its readiness to lead the global mobility revolution.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;&lt;em&gt;&lt;strong&gt;(KNN Bureau)&lt;/strong&gt;&lt;/em&gt;&lt;/span&gt;&lt;/p&gt;&#13;
</fulldesc>
    <id>40570</id>
    <link>https://knnindia.co.in/news/newsdetails/sectors/pm-e-drive-scheme-with-rs-2000-cr-outlay-to-accelerate-indias-ev-sector-growth</link>
    <pubDate>2025-01-08 16:34:54</pubDate>
    <source>knnindia.co.in</source>
    <title>PM E-drive Scheme With Rs 2,000 Cr Outlay To Accelerate India’s EV Sector Growth</title>
</root>
