India's Electric Vehicle Revolution Gets a Boost with Rs 10,900 Crore Scheme
The Union Cabinet has approved a major initiative to promote electric mobility across India, with a significant outlay of Rs 10,900 crore over the next two years.
Electric VehicleEv SchemePm EdriveMinistry Of Heavy IndustriesSustainabilityReal Estate PuneSep 11, 2024
The scheme is designed to support various types of electric vehicles (EVs) including e-2Ws, e-3Ws, e-ambulances, e-trucks, and other emerging EVs. Key allocations include subsidies and incentives worth Rs 3,679 crore to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks, and emerging EVs.
To streamline the process of claiming incentives, the Ministry of Heavy Industries will introduce e-vouchers for EV buyers. Upon purchasing an EV, buyers will receive an Aadhaar-authenticated e-voucher via the scheme portal. Buyers will sign the e-voucher and submit it to the dealer, who will also sign and upload the voucher to the PM E-DRIVE portal. The signed e-voucher will be necessary for auto manufacturers to claim reimbursement for demand incentives.
The scheme also allocates Rs 500 crore for deploying e-ambulances, marking a new government initiative to boost their use. Additionally, Rs 4,391 crore will support the procurement of 14,028 e-buses by public transport agencies, with preference given to cities/states procuring new buses after scrapping old ones.
Furthermore, Rs 500 crore is dedicated to promoting e-trucks, addressing their significant role in air pollution. Incentives will be provided to those presenting a scrapping certificate from MoRTH-approved vehicle scrapping centres (RVSF).
To address the challenge of range anxiety for EV users, the scheme will significantly enhance the installation of public charging stations. The plan includes installing 22,100 fast chargers for e-4Ws, 1,800 fast chargers for e-buses, and 48,400 fast chargers for e-2Ws/3Ws. Rs 2,000 crore is allocated for the establishment of these EV public charging stations (EVPCS), with installations planned in high EV penetration cities and along select highways.
This comprehensive scheme aims to support the growth of EV adoption and contribute to India's sustainability goals.
Frequently Asked Questions
What is the PM E-DRIVE Scheme?
The PM E-DRIVE Scheme is a comprehensive initiative to promote electric mobility across India, with a significant outlay of Rs 10,900 crore over the next two years.
What types of electric vehicles will be supported under the scheme?
The scheme will support various types of electric vehicles (EVs) including e-2Ws, e-3Ws, e-ambulances, e-trucks, and other emerging EVs.
How will the e-voucher system work for EV buyers?
Upon purchasing an EV, buyers will receive an Aadhaar-authenticated e-voucher via the scheme portal. Buyers will sign the e-voucher and submit it to the dealer, who will also sign and upload the voucher to the PM E-DRIVE portal.
What is the allocation for e-ambulances under the scheme?
Rs 500 crore has been allocated for deploying e-ambulances, marking a new government initiative to boost their use.
How many e-buses will be procured under the scheme?
Rs 4,391 crore will support the procurement of 14,028 e-buses by public transport agencies.
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