PM E-Drive Scheme

Electric and Hybrid Cars – FAME, National Electric Mobility Mission, etc.

PM E-Drive Scheme

Schemes | Economics | Mains Paper 3: Effects Of Liberalization On The Economy, Changes In Industrial Policy and their effects on Industrial Growth

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Prelims level: PM E-Drive Scheme

Why in the News?

The Union Cabinet approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) Scheme with an outlay of ₹10,900 crore over two years.

About PM E-DRIVE Scheme:

	Details
Name	PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme
Total Outlay	₹10,900 crore for two years
Goal	Promote *electric mobility, reduce pollution,* and *enhance fuel security* Reduce range anxiety by providing charging infrastructure in cities and highways.
Incentives	Direct subsidies for e-2Ws, e-3Ws, e-buses, e-ambulances, and e-trucks
Key Components	₹3,679 crore for demand incentives for e-2Ws, e-3Ws, e-ambulances, and e-trucks. ₹500 crore for e-ambulances. ₹4,391 crore for e-buses.
Other components:
E-Vouchers	Aadhaar-authenticated e-voucher for EV buyers; Signed by both buyer and dealer for claiming incentives.
E-Bus Procurement	₹4,391 crore for 14,028 e-buses in 9 major cities (Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Surat, Bangalore, Pune, Hyderabad)
Charging Infrastructure	₹2,000 crore for 72,300 public EV charging stations, including fast chargers for e-4Ws, e-buses, e-2Ws, and e-3Ws
Incentivizing E-Trucks	₹500 crore tied to scrapping certificates from MoRTH-approved scrapping centres
Testing and Upgradation	₹780 crore for upgradation of MHI’s test agencies for green mobility technologies

PYQ:

[2019] How is efficient and affordable urban mass transport key to the rapid economic development in India?

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