PM E-DRIVE Scheme:
The Union Cabinet chaired by the Prime Minister of India has approved the proposal of the Ministry of Heavy Industries (MHI) for the implementation of a scheme titled PM E-DRIVE Scheme’.
- PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme has an outlay of Rs 10,900 crore over a period of two years for the promotion of electric mobility in the country.
- Components of the scheme
- The scheme allocates Rs 3,679 crore to incentivise the purchase of electric two-wheelers (e-2Ws), three-wheelers (e-3Ws), electric ambulances, trucks, and other emerging EV categories.
- Buyers of electric vehicles will be issued an e-voucher under the scheme to avail demand incentives. The e-voucher will be Aadhaar-authenticated and sent to the buyer’s registered mobile number after the purchase.
- A budget of Rs 500 crore has been allocated to deploy electric ambulances. This new initiative aims to provide comfortable and environmentally friendly patient transport.
- Under this component Rs 500 crore has been allocated to promote the deployment of e-trucks, a major contributor to air pollution.
- Those who hold a scrapping certificate from authorised MoRTH Vehicle Scrapping Centres (RVSFs) will be eligible for the incentives.
- To address range anxiety and support the growth of electric vehicles, Rs 2,000 crore will be used to install public charging stations (EVPCS) in cities with high EV penetration and along selected highways.
