The Union Cabinet on Wednesday approved the PM E-Drive Scheme with an outlay of Rs 10,900 crore for two years to boost adoption of electric vehicles in India, replacing the flagship FAME programme that ran for nine years till March.
The decision on PM Electric Drive Revolution In Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was taken at the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi, Information and Broadcasting Minister Ashwini Vaishnaw told reporters here.
The Union Cabinet chaired by Prime Minister Narendra Modi, has approved the proposal of Ministry of Heavy Industries (MHI) for implementation of scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ for promotion of electric mobility… pic.twitter.com/h7JOsEyDPW
— ANI (@ANI) September 11, 2024
The scheme will support 24.79 lakh electric two-wheelers, 3.16 lakh e-three wheelers, and 14,028 e-buses.
The PM E-DRIVE will also support 88,500 charging sites, Vaishnaw said.
The new scheme offers subsidies/demand incentives worth Rs 3,679 crore to incentivise adoption of electric two-wheelers, electric three-wheelers, e-ambulances, e-trucks and other emerging elecric vehicles (EVs).
A sum of Rs 4,391 crore has also been provided for procurement of 14,028 e-buses by state transport undertakings and public transport agencies.
Besides, Rs 500 crore has been earmarked for the deployment of e-ambulances. This is a new initiative of the government to promote the use of e-ambulance for a comfortable patient transport.
A sum of Rs 500 crore has been provided for incentivising adoption of e-trucks.
Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) Scheme was launched in April 2015.
