Govt Launches PM E-DRIVE with Rs 10,900 Cr Budget to Boost Electric Mobility

The Union Cabinet has approved the ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ to promote electric mobility across India.

This initiative, proposed by the Ministry of Heavy Industries (MHI), has a total budget allocation of Rs 10,900 crore over the next two years.

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The scheme offers subsidies and demand incentives worth Rs 3,679 crore for various electric vehicles, including e-2Ws (electric two-wheelers),

e-3Ws (electric three-wheelers), e-ambulances, e-trucks, and other emerging electric vehicles.

It aims to support the deployment of 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.

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How the E-Voucher System Works

To simplify access to these incentives, the Ministry is introducing an e-voucher system for EV buyers.

When purchasing an EV, the buyer will receive an Aadhaar-authenticated e-voucher via the scheme portal.

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This e-voucher, once signed by both the buyer and the dealer, will be uploaded to the PM E-DRIVE portal and used by auto manufacturers to claim reimbursement for the demand incentives.

Focus on E-Ambulances, E-Buses, and E-Trucks

The PM E-DRIVE scheme allocates Rs 500 crore specifically for the deployment of e-ambulances, a new initiative to promote eco-friendly emergency vehicles.

Additionally, Rs 4,391 crore has been set aside for the procurement of 14,028 e-buses by public transport agencies in nine cities with populations over 40 lakh, including Delhi, Mumbai, Kolkata, and Bangalore.

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The scheme also encourages replacing old buses with new e-buses through authorized scrapping centers.

For e-trucks, Rs 500 crore has been allocated to promote their use, addressing the significant contribution of trucks to air pollution.

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Incentives will be provided to those holding scrapping certificates from Ministry of Road Transport and Highways (MoRTH)-approved vehicle scrapping centers.

Boosting EV Charging Infrastructure

To alleviate range anxiety among EV users, the scheme plans to invest heavily in electric vehicle public charging stations (EVPCS).

A total of Rs 2,000 crore is allocated for installing 22,100 fast chargers for electric four-wheelers, 1,800 fast chargers for e-buses,

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and 48,400 fast chargers for e-2Ws and e-3Ws in selected cities and along highways, supporting the growth of electric mobility infrastructure across India.

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