Schemes to Promote Electric vehicles in India

PM E-DRIVE Scheme

• EV public charging stations (EVPCS) under the PM E-DRIVE Scheme
• Under the scheme, procurement of e-buses through an aggregation model based on competitive bidding is undertaken by Convergence Energy Services Limited (CESL).

Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-Auto)

• The Government notified this scheme for Automobile and Auto Component Industry in India, on 23^rdSeptember, 2021.
• For enhancing India's manufacturing capabilities for Advanced Automotive Technology (AAT) products, including EVs.

Production Linked Incentive (PLI) Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage

• The Government on 9^thJune, 2021 notified the PLI Scheme for manufacturing of ACC in the country.
• The scheme aims to establish a competitive domestic manufacturing ecosystem for 50 GWh of ACC batteries.

PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme

• This scheme has been notified on 29^thSeptember, 2024.
• This scheme includes support for electric vehicles including e-2W, e-3W, e-Trucks, e-buses and e-Ambulances.
• Further, EV public charging stations and upgradation of testing agencies is also included in this scheme.

PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme

• This Scheme notified on 28.10.2024, aims to support deployment of more than 38,000 electric buses.
• The objective of scheme is to provide payment security to e-bus operators in case of default by Public Transport Authorities (PTAs).

Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SPMEPCI)

• It was notified on 15^th March, 2024 to promote the manufacturing of electric cars in India.
• This requires applicants to invest a minimum of Rs.4,150 crore and to achieve a minimum DVA of 25% at the end of the third year and DVA of 50% at the end of the fifth year.