PM E-Drive Scheme

In September 2024, the Ministry of Heavy Industries has launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme to accelerate EV adoption in India.

Building on Previous Initiatives

  • FAME-I (2015) & FAME-II (2019): Promoted e-2Ws & e-3Ws.
  • Electric Mobility Promotion Scheme (EMPS-2024): Continued EV support.

Key Features of PM E-DRIVE (2024-26)

  • Rs. 10,900 crore allocated to boost EV adoption & charging infrastructure.
  • Targeted EV segments:
    • e-2Ws & e-3Ws.
    • e-Buses (under Rs. 2 crore) via OPEX/GCC model for State Transport Undertakings (STUs).
  • Charging Infrastructure Expansion:
    • 22,100 fast chargers for e-4Ws.
    • 1,800 chargers for e-buses.
    • 48,400 chargers for e-2Ws & e-3Ws.

Subsidy & Incentive Structure

  • Direct ....
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