Prime Minister’s E-DRIVE Scheme: A New Era for Electric Vehicles in India?
The Indian government has launched an innovative automotive improvement program, PM E-DRIVE. 10,900 crore The two-year initiative aims to transform the electric vehicle landscape in the country. Main objectives and components of PM E-DRIVE The PM E-DRIVE program aims to address several key aspects of electric vehicle adoption: Focus on diverse electric vehicle categories: The scheme targets all types of electric vehicles including two-wheelers, three-wheelers, ambulances, buses and trucks. This inclusive approach ensures that all segments of the transport sector benefit from the scheme. Subsidies and demand incentives: A large portion of the budget (Rs 3,679 crore) is allocated for demand incentives. These incentives are aimed at making electric vehicles more affordable for consumers. The scheme introduces e-vouchers that are Aadhaar authenticated and sent directly to the buyer’s registered mobile number. These e-vouchers can be presented at dealerships to claim the subsidy, thus simplifying the process of buying electric vehicles. Strengthening electric vehicle infrastructure: To ease range anxiety and promote…
Prime Minister’s E-Drive scheme was launched in 2019 with a planned allocation of Rs 109 billion
The Indian federal government has launched a new scheme called PM E-Drive Innovative Automotive Improvement Revolution (PM E-Drive). The scheme replaces the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) scheme which ended in March 2024. The two-year PM E-Drive scheme, with a total investment of Rs 10,900 crore, aims to promote electric vehicles in India, with a focus on incentivizing the development of electric two-wheelers (e-2W), electric three-wheelers (e-3W), electric trucks and buses, and electric ambulances. Of the total investment, Rs 3,679 crore has been allocated for subsidies/demand incentives to support the above-mentioned electric vehicles, of which 24.79 lakh are e-2W, 3.16 lakh are e-3W, and 14,028 are electric buses. Also read: Ford India confirmed to return? Tamil Nadu chief minister leads talks on possible return Apart from this, the Prime Minister E-Drive will incentivize 88,500 electric vehicle charging stations to boost electric vehicle charging infrastructure in India. In addition, the Department of…
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