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…
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