Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Maharashtra Shaken: Ajit Pawar Survives Fiery Plane Crash in Baramati
    • BSE Sensex Soars 500 pts as India-EU Trade Deal Lifts Mood
    • 4th T20 Spotlight: Samson Under Scanner vs NZ
    • Why Chinmayi Calls Arijit Singh ‘Spiritually Evolved’ After Playback Exit
    • PM Modi at NCC Rally: Inspiring Youth on Duty and Discipline
    • Rain and Winds Cut NCR Pollution: AQI Dips, Cold Wave Looms
    • One Bad Day Can End It All: Dravid Cautions Team India on WC Eve
    • President Murmu Opens Budget Session in Parliament Today
    Facebook X (Twitter) Instagram
    Report Wire
    • World
    • India
      • Chhattisgarh
      • Jharkhand
      • Bihar
    • Entertainment
    • Sports
    • Tech
    • Business
    • Health
    Report Wire
    Home»Business»What Is PM E-DRIVE? Government To Spend Rs 10,900 Crore In 2 Years For Electric Mobility Push | auto news

    What Is PM E-DRIVE? Government To Spend Rs 10,900 Crore In 2 Years For Electric Mobility Push | auto news

    Business September 12, 20243 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    What Is PM E-DRIVE? Government To Spend Rs 10,900 Crore In 2 Years For Electric Mobility Push | auto news
    Share
    Facebook Twitter LinkedIn Pinterest Email

    What Is PM E-DRIVE: The Union Cabinet has approved a 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. The Cabinet’s approval for ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ was based on a proposal from the Ministry of Heavy Industries (MHI). Subsidies or demand incentives worth Rs 3,679 crore would be provided to incentivise e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs. The scheme will support 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses, a release said.

    The Ministry of Heavy Industries is introducing e-vouchers for EV buyers to avail of demand incentives under the scheme. 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. This e-voucher will be signed by the buyer and submitted to the dealer to avail of demand incentives under the scheme.

    Thereafter, 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 auto manufacturers to claim reimbursement of demand incentives under the scheme.

    The scheme allocates Rs 500 crore for the deployment of e-ambulances. This is a new initiative of the government to promote the use of e-ambulance. A sum of Rs 4,391 crore has been provided for the procurement of 14,028 e-buses by public transport agencies.

    The demand aggregation will be done by CESL in the nine cities with more than 40 lakh population, namely Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Surat, Bangalore, Pune, and Hyderabad. Intercity and Interstate e-buses will also be supported in consultation with states.

    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 buses, through authorized scrapping centers (RVSFs) following the MoRTH Vehicle Scrapping Scheme guidelines.

    The trucks are a major contributor to air pollution. The scheme will promote the deployment of e-trucks in the country. Rs 500 crore has been allocated for incentivizing e-trucks.

    Incentives will be given to those who have a scrapping certificate from MoRTH-approved vehicle scrapping centers (RVSF). The scheme addresses the range anxiety of EV buyers by promoting in a big way the installation of electric vehicle public charging stations (EVPCS).

    These 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.

    PM E-DRIVE PM E-DRIVE details PM E-DRIVE outlay PM E-Drive Scheme PM E-DRIVE scheme benefits What is PM E-Drive?
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    RELATED NEWS

    BSE Sensex Soars 500 pts as India-EU Trade Deal Lifts Mood

    January 28, 2026

    Odisha’s Industrial Boom: Majhi Opens FRP Plant Milestone

    January 27, 2026

    Fadnavis: India-EU FTA Unlocks Maharashtra’s Export Potential

    January 27, 2026

    Shivraj Chouhan Lauds India-EU FTA for Farmers’ Gain

    January 27, 2026

    India-EU FTA: NSE Chief Sees Massive Job Creation Ahead

    January 27, 2026

    India Post Brings Demat Accounts to Your Local Branch

    January 27, 2026
    -Advertisement-
    © 2026 Report Wire. All Rights Reserved.
    • Terms & Conditions
    • About Us
    • Privacy Policy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.