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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