Source: PIB
Context: The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, launched by the Indian government, aims to accelerate electric vehicle (EV) adoption, develop necessary charging infrastructure, and create a robust EV manufacturing ecosystem in the country.
About PM E-DRIVE Scheme:
- Launch date: October 1, 2024.
- Ministry: Ministry of Heavy Industries.
- Budget: Financial outlay of Rs. 10,900 crores.
- Duration: Active until March 31, 2026.
- Objective: Encourage EV adoption, reduce environmental impact from transport, and support domestic EV manufacturing.
- Key components:
- Subsidies: Incentives for e-2Ws, e-3Ws, e-ambulances, e-trucks, and other EVs.
- Grants for Capital Assets: Fund e-buses, charging stations, and upgrade MHI testing facilities.
- Administration: Includes IEC activities and project management agency fees.
- Eligibility criteria:
- Electric two-wheelers: Incentives are available for 24.79 lakh e-2Ws with advanced batteries, covering both private and commercial ownership.
- Electric three-wheelers: Around 3.2 lakh e-3Ws, including registered e-rickshaws and L5 vehicles, qualify if used commercially and equipped with advanced batteries.
- Electric ambulances: 500 crore supports e-ambulances, with standards set by the Ministry of Health and other stakeholders.
- Electric trucks: 500 crore is allocated for e-trucks, requiring a scrapping certificate from a MoRTH-approved center.
- Electric buses: 4,391 crore funds 14,028 e-buses for large cities, prioritizing STUs that retire older buses under MoRTH guidelines.
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