PM E-Drive scheme

28 Oct 2024 15:45:42 pm

Tags : PM E-Drive scheme

Topic: Infrastructure

Why in the news?

Cabinet approves PM E-Drive scheme with an outlay of ₹10,900 cr. for e-mobility push.
The scheme aims to enable procurement of e-buses, setting up 72,000 charging stations; plan offers subsidies or demand incentives worth ₹3,679 crore

Source: The Hindu

About PM E-Drive scheme:

The scheme is named as PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive).
It will be valid for two years.
It has a total outlay of ₹10,900 crore.
It provides for procurement of e-buses as well as for setting up more than 72,000 charging stations for EV batteries in cities and on highways to address ‘range anxiety’ among buyers.
It also offers subsidies or demand incentives worth ₹3,679 crore for e-two wheelers (e-2Ws), e-three wheelers (e-3Ws), e-ambulances, and e-trucks to buyers.
It will support 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.
A total of ₹4,391 crore will be set aside under the scheme for procurement of 14,028 e-buses by state transport undertakings for 9 cities with a population of more than 40 lakh, namely Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Surat, Bangalore, Pune and Hyderabad.
It also provides for ₹2,000 crore to set up charging stations in select cities with high EV penetration and on some specified highways.