PM E-Drive Scheme : New Update
Under the PM E-Drive, ₹2,000 crore is allocated to set up 72,000 public EV charging stations across India.
- The PM E-DRIVE (Electric Drive Revolution in Innovative Vehicle Enhancement) scheme is a flagship initiative launched to accelerate electric mobility in India through demand incentives and charging infrastructure support.
- It aims to reduce transport-related carbon emissions, improve air quality and enhance energy security by decreasing fossil fuel dependency.
- The scheme has a total financial outlay of ₹10,900 crore and will be implemented from 2024 to 2026.
- Key Objectives and Scope
- To promote the adoption of EVs by supporting the purchase of electric vehicles (e-2Ws, e-3Ws, e-buses, e-ambulances, and e-trucks).
- To deploy a robust national EV charging grid to reduce range anxiety and ensure seamless mobility across cities and highways.
- To provide direct demand incentives through Aadhaar-authenticated e-vouchers sent to the buyer’s mobile number after EV purchase.
