Union Cabinet Approves PM e-Drive Scheme to Boost Electric Vehicles
The Indian Union Cabinet has greenlit the ‘PM e-Drive Scheme’, allocating a substantial outlay of Rs 10,900 crore to promote electric vehicle (EV) adoption across the nation. This innovative initiative is set to replace the previous ‘FAME’ program, which was operational until March 2024.
Key Features of the PM e-Drive Scheme
Duration and Objective
The PM e-Drive Scheme is designed to run for a two-year period and aims to accelerate the implementation and manufacturing of electric and hybrid vehicles in India.
Electric Vehicle Support
The scheme is poised to support a remarkable number of electric vehicles, including:
– **24.79 lakh** electric two-wheelers
– **3.16 lakh** electric three-wheelers
– **14,028** electric buses
Infrastructure Development
To facilitate the growth of electric vehicle usage, the PM e-Drive Scheme will also provide support for the establishment of **88,500 charging stations** across the country.
Financial Allocations for EV Adoption
The government has earmarked subsidies and demand incentives totaling **Rs 3,679 crore** specifically aimed at encouraging the adoption of:
– Electric two-wheelers
– Electric three-wheelers
– E-ambulances
– E-trucks
– Other emerging electric vehicles
Electric Buses and Public Transport Initiatives
An impressive **Rs 4,391 crore** has been allocated for the purchase of **14,028 electric buses** by state transport undertakings and public transport agencies, underscoring the government’s commitment to enhancing public transportation.
Introduction of E-Ambulances
In a bid to improve healthcare transportation, the scheme has dedicated **Rs 500 crore** for deploying e-ambulances. This initiative is aimed at ensuring comfortable and efficient transportation for patients.
Support for Electric Trucks
Additionally, another **Rs 500 crore** has been set aside for the adoption and implementation of electric trucks, further diversifying the range of electric vehicles supported under this initiative.
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