PM Electric Drive Revolution Innovation in vehicle Enhancement [PM E-DRIVE]
Cabinet approved PM E-DRIVE with a financial outlay of Rs.10900 Crore Scheme period- october1, 2024 to March 31, 2026.
Aim: Accelerate the adoption of electric vehicles [EVs] by establishing charging infrastructure and building a robust EV manufacturing ecosystem in the Country.
e-2 Wheeler [e-2Ws]
i. Approximately 24.79 Lakh electric 2 wheelers will be incentivized, both private and Commercial Vehicles.
ii. Eligibility: Only e-2ws equipped with advanced Batteries.
iii. Benefit: Rs.5000 per kWh for e-2Ws registered in 2024-25 FY;
Rs.2500 per kWh for e-2Ws registered in FY.2025-26.
(Or)
Incentives will be capped at 15% of ex-factory price whichever is low.
e-3 wheeler [e-3Ws]:
i.
Approximately 3.2 lakh e-3Ws will be
incentivized including e-rickshaw or L5 vehicles.
Eligibility: They should be equipped with advanced Batteries, Vehicles of
Commercial.
ii. Benefits: Rs.5000 per kWh for e-3Ws registered in 2024-25.
Rs.2500 per kWh for e-3ws registered in FY 2005-26.
(Or)
Incentives will be capped at 15% of ex-factory price whichever is lower.
e- Ambulance:
i. Rs. 500 Crore allocated for e-Ambulance.
ii. Eligibility criteria for e-Ambulances are under discussion.
e-Trucks:
i. Rs. 500 Crore was allocated for e-Trucks.
ii.
Only those holding a Scrapping
Certificate from Ministry of Road Transport and Highways approved Vehicle
scrapping centers are eligible.
e-Buses:
i. A total of Rs. 4391 Crore allocated for the procurement of 14,028 e-buses by state transport Undertakings / public transport agencies.
ii. The demand aggregation for these buses will be managed by CESL [Convergence Energy Services Limited] in 9 major cities with more than 40 lakh population namely Delhi, Mumbai, Kolkata, Chennai, Ahmadabad Surat, Bangalore, Pune & Hyderabad.
iii. Preference will be given to cities procuring e-buses after scrapping old buses as per Ministry of Road Transport and Highways guidelines.
Charging infrastructure:
• The total outlay for charging infrastructure under the Scheme is Rs. 2000 crore.
• It aims to establish a robust network of public charging Stations which includes
Vehicles |
Number of Charging Stations |
e-2ws and e-3ws |
48,400 |
e-4W's |
22,100 |
e-buses |
1800 |
Testing agencies Up-gradation:
i. Rs. 780 crore was allocated for this purpose under the aegis of Ministry of Heavy industry [MHI]
ii. It aims to upgrade and modernize testing agencies under MHI, to equip with new and emerging technologies.
Budget Allocation Segment wise:
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