Prelims – Indian polity and Governance
Mains - GS II |Government Policies & Interventions
Why in News?
As of now, 10.27 lakh Electric Vehicles (EVs) have been sold under the PM E-DRIVE scheme, which has led to a reduction of 230K tonnes of CO2 emission.
- PM E-DRIVE Scheme - PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme.
- Launched by - Ministry of Heavy Industry.
- Aim - To promote electric mobility in India by accelerating EV adoption, developing charging infrastructure, and fostering a robust EV manufacturing ecosystem.
- Duration - 2024 – 2026.
- Eligible category of vehicles
- Buses (only electric buses) (e-bus),
- Three-Wheelers (electric) including registered e-rickshaws & e-carts and L5 (e-3W),
- Two wheelers (electric) – e-2W,
- e-ambulances (electric, plug in hybrid & strong hybrid), and
- e-trucks and other new emerging EV categories (to be notified subsequently).
- Charging infrastructures
- Testing agencies under MHI
- Components
- Subsidies - Demand Incentives for e-2W, e-3W, e-ambulances, e-trucks and other new emerging EV categories.
Demand incentive is a financial (Subsidy) benefit offered to stimulate consumer demand to encourage the adoption of EV.
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- PM E-DRIVE e-Voucher - The Ministry of Heavy Industry (MHI) is introducing e-Vouchers for EV customers to avail the demand incentive under the scheme.
- Proposed Incentive - Demand incentive of Rs.5,000 per kWh for e-2Ws/e-3Ws registered in FY 2024-25, and Rs.2,500 per kWh for FY 2025-26.
- Grants for creation of capital assets - e-buses, establishment of network of charging stations & upgradation of testing agencies of MHI.
- Deployment of e-ambulances - The scheme allocates funds for the deployment of e-ambulances.
- Deployment of public charging stations - The scheme promotes 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.
- Administration – It includes IEC (Information, Education & Communication) activities and fee for project management agency (PMA).
- Benefits under the PM E-DRIVE scheme will not be provided to EVs purchased by any Central or State Government department or its agencies.
Reference
India Govt | PM E-DRIVE Scheme
