PM E-Drive Scheme Overview
The PM E-Drive Scheme has been introduced to promote the adoption of electric vehicles (EVs) in India, succeeding the FAME II scheme. Here’s an outline of the new scheme:
Budget:
- Total Budget: ₹10,900 crore
- Specific Allocation:
- ₹4,391 crore for the purchase of 14,028 electric buses by state transport undertakings and public transport agencies.
Purpose:
- To boost the demand for electric vehicles.
- To protect the environment by reducing reliance on petrol and diesel vehicles.
Scope:
- The scheme covers a variety of electric vehicles, including:
- Electric two-wheelers
- Electric three-wheelers
- Electric buses
- Electric trucks
- Electric ambulances
Duration:
- Effective Until: March 31, 2026
Benefits:
- For Buyers: Subsidies on the purchase of electric vehicles, including two-wheelers, three-wheelers, buses, trucks, and ambulances.
- For Public Transport: Financial support for electric buses, aiming to enhance public transport sustainability.
This scheme aims to continue the momentum created by FAME II, promoting the transition to electric mobility and supporting the growth of the EV infrastructure in India.
