PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme has been approved by the Union Cabinet.
PM E-DRIVE Scheme has been approved with an outlay of Rs.10,900 crore over a period of two years.
The Scheme now includes e-vouchers for EV buyers to avail demand incentives.
Under the scheme, Rs.500 crore have been allocated for the deployment of e-ambulances. This is a crucial step towards integrating EVs in to the health sector.
The scheme aims to enhance vehicle testing infrastructure with fund of Rs.780 crore for development of testing agencies.
Ministry of Heavy Industries (MHI) has proposed implementation of PM E-DRIVE Scheme for promotion of electric mobility in India.
The scheme provides subsidies/demand incentives worth Rs.3,679 crore to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs.
Rs.500 crore has been allocated for incentivising e-trucks.
The scheme will support 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.
