PM E-DRIVE Scheme: Revolutionizing Electric Vehicle Incentives in India
PM E-DRIVE Scheme Launch: Revolutionizing Electric Vehicles
The PM E-DRIVE scheme is scheduled for formal unveiling in New Delhi on October 1. With a budget of Rs 10,900 crore, this initiative aims to incentivize electric vehicles, specifically targeting two-wheelers, three-wheelers, e-trucks, and e-buses. The scheme, approved by the Cabinet in September, will feature key attendance from electric vehicle manufacturers, enhancing collaboration in the EV sector.
Key Features of the PM E-DRIVE Scheme
- Incentives worth Rs 3,679 crore for electric vehicles
- A unique mechanism of e-vouchers for streamlined incentive access
- Deployment of critical infrastructure with Rs 2,000 crore allocated for EV charging stations
The PM E-DRIVE scheme ensures that range anxiety is addressed by promoting the establishment of public EV charging stations, especially in regions with significant EV usage.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.