PM E-DRIVE Scheme

The Union Cabinet has approved the proposal of the Ministry of Heavy Industries (MHI) for implementation of the scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ for promotion of electric mobility in the country.

The scheme has an outlay of Rs 10,900 crore over a period of two years.

Key Features of the Scheme:

1.Subsidies/Demand incentives: There is  incentive of Rs.3,679 crore for e-ambulances, e-trucks and other emerging EVs. The scheme will support 24.79 lakh e-2 wheelers and 3.16 lakh e-3 Wheelers and 14,028 e-buses.

2.e-vouchers for EV buyers:  At the time of purchase of the EV, the scheme portal will generate an Aadhaar authenticated e-Voucher for the buyer. A link to download the e- voucher shall be sent to the registered mobile number of the buyer.

3. Signed e-vouchers: e-vouchers will be signed by the buyer and submitted to the dealer to avail demand incentives under the scheme. 

-The e-Voucher will also be signed by the dealer and uploaded on the PM E-DRIVE portal.

–The signed e-voucher shall be sent to the buyer and dealer through an SMS. The signed e-voucher will be essential for OEM to claim reimbursement of demand incentives under the scheme.

4.Deployment of e-ambulances: The scheme allocates Rs.500 crore for the deployment of e-ambulances. This is a new initiative of Govt of India to promote the use of e-ambulance for a comfortable patient transport.

5.Incentives for Scrapped Vehicles: Rs.4,391 crore has been provided for procurement of 14,028 e-buses by STUs/public transport agencies.

-While allocating buses to cities/states, first preference shall be given to those number of buses of cities/states, which are being procured after scrapping old STU buses, through authorised scrapping centres following the MoRTH Vehicle Scrapping Scheme guidelines.

6.Installation of electric vehicle public charging stations (EVPCS):

EVPCS shall be installed in the selected cities .with high EV penetration and also on selected highways.

– The scheme proposes the installation of 22,100 fast chargers for e-4 Ws, 1800 fast chargers for e-buses and 48,400 fast chargers for e-2W/3Ws. The outlay for EV PCS will be Rs.2,000 crore.

7.Promoting mass mobility by supporting means of public transportation:

EVs to reduce the environmental impact of transportation and improve air quality.As it focuses and promotes public transportation like e-buses.

Source:

https://www.pmindia.gov.in/en/news_updates/cabinet-approves-pm-electric-drive-revolution-in-innovative-vehicle-enhancement-pm-e-drive-scheme-with-an-outlay-of-rs-10900-crore-over-a-period-of-two-years/