UP announces e-vehicles policy, targets Rs 40,000 cr investment by 2024

The Uttar Pradesh government on Tuesday announced the much-awaited electric vehicles (e-vehicles) policy, which targets attracting nearly Rs 40,000 crore in private investment over the next 5 years.

The policy, which had been in the making for quite some time, was cleared by the state cabinet meeting chaired by chief minister Adityanath on Tuesday. The government has projected the e-vehicles segment will create about 50,000 new employment opportunities.

 “We have envisaged by 2024, nearly 70% of public transport buses plying on the state roads would be electric, while about 10,000 new electric buses would be introduced for public transport,” UP health minister