PM E-DRIVE Scheme: Accelerating India's Electric Mobility
| Aspect | Details |
|---|---|
| Scheme Name | PM E-DRIVE (Electric Drive Revolution in Innovative Vehicle Enhancement) |
| Launch Date | 11th September 2024 |
| Launch Venue | Bharat Mandapam, New Delhi |
| Financial Outlay | ₹10,900 crore (for two years) |
| Objective | Accelerate EV adoption, build infrastructure, and achieve net-zero emissions by 2070 |
| Key Components | Subsidies for e-2Ws, e-3Ws, e-buses, e-ambulances, e-trucks, and public charging infrastructure |
| e-Voucher System | Aadhaar-authenticated e-vouchers for EV buyers to access incentives |
| Public Charging Stations | ₹2,000 crore allocated for 72,300 fast chargers |
| Testing Agency Upgradation | ₹780 crore allocated to modernize testing agencies for new EV technologies |
| Eligibility | Advanced battery-fitted EVs (commercial, private, and corporate-registered) |
| Transition from Previous Schemes | Replaces FAME and Electric Vehicle Promotion Scheme (EMPS) under 'Swachh Vahan' initiative |