Current Affairs - Business - Discussion

SIAM's 3rd International Conference on Sustainable Circularity highlighted the importance of promoting electric vehicles (EVs) as a step towards achieving sustainability and green job creation. The conference underscored initiatives like the FAME and PLI schemes, which aim to increase EV adoption and achieve 35% EV sales by 2030. This goal is part of India's broader strategy to reduce environmental impact, promote a circular economy, and transition towards cleaner energy sources. By setting 2030 as the target year, the government demonstrates its commitment to fostering economic growth while addressing climate change and reducing dependency on fossil fuels.