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PM E-DRIVE Scheme: What Are The Benefits? Check All Details

The Scheme aims to accelerate EV adoption and establish essential charging infrastructure across the country, promoting cleaner and more sustainable transportation, says government.

PM E-DRIVE Scheme: The government on Tuesday launched the PM E-DRIVE Scheme. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the PM E-DRIVE Scheme on 11th September 2024 to promote electric mobility in the country.

The PM E-DRIVE Scheme aims to accelerate EV adoption and establish essential charging infrastructure across the country. As part of the scheme, the Ministry of Heavy Industries introduced e-vouchers for EV customers to avail demand incentives. 

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The e-vouchers thereafter streamline the process of accessing incentives, providing a seamless experience for both consumers and manufacturers.

During the launch event Union Minister of Heavy Industries & Steel HD Kumaraswamy said, “Today is a landmark day, as we transition from the FAME Scheme and the Electric Vehicle Promotion Scheme (EMPS) to the PM E-DRIVE Scheme.” “This initiative is set to accelerate EV adoption across the country and further boost domestic innovation and manufacturing,” he further said.

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PM E-DRIVE Scheme: What Are The Benefits?

Subsidies/Demand Incentives

Rs 3,679 crore allocated for e-2Ws, e-3Ws, e-ambulances, e-trucks, and emerging EVs, supporting 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.

E-Voucher Introduction

Aadhaar-authenticated e-vouchers for EV buyers, generated at purchase and sent to registered mobile numbers. Signed e-voucher essential for dealer submission and OEM reimbursement.

E-Ambulances

Rs 500 crore allocated for deployment. Standards will be set in consultation with MoHFW and MoRTH.

E-Buses And E-Trucks

Rs 4,391 crore for procurement of 14,028 e-buses via CESL in 9 major cities. Preference to buses replacing scrapped STU buses. Rs 500 crore for incentivizing e-trucks, with scrapping certificates from RVSF mandatory for incentives.

Public Charging Stations

Rs 2,000 crore outlay for installing 22,100 fast chargers (e-4Ws), 1,800 for e-buses, and 48,400 for e-2Ws/3Ws in high EV penetration cities and highways.

Test Agency Modernization

Rs 780 crore for upgrading MHI test agencies to handle new EV technologies.

Also Read: Festive Discounts: Which Company Offers What On Their Top Cars?


HISTORY

Written By

Akshat Mittal


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