The Economic Times

Centre plans Rs 12,000 crore incentive scheme to spur private electric bus adoption

The government is planning a significant incentive package, potentially worth 12,000 crore, to boost electric bus adoption by private fleet operators. This scheme could include interest subvention, credit guarantees, and capital subsidies, aiming to encourage the deployment of 50,000 electric buses over a decade. Officials anticipate this will unlock substantial private investment, mirroring successful government initiatives for public transport.