PM E-DRIVE Excludes Electric Cars:
The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme excludes electric cars from any direct subsidies.
- The government believes other measures, such as lower GST for electric cars are adequate to support the sector.
- PM E-DRIVE Scheme is aimed at promoting electric mobility in India having a financial outlay of Rs 10,900 crore over two years.
- It has been launched to replace FAME II.
- It offers fiscal incentives to around 25 lakh electric two-wheelers, 3 lakh electric three-wheelers, and 14,000 electric buses through demand incentives.
- Automakers can claim reimbursements for eligible electric vehicle (EV) sales, similar to the previous FAME-II scheme.
- However, electric cars are notably excluded from the subsidy.
- Installation of Electric vehicle public charging stations (EVPCS) in selected cities and on selected highways.
- Test agencies to be modernised to deal with the new and emerging technologies to promote green mobility.
