The PM E-DRIVE (Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement) scheme is a government initiative in India aimed at promoting the adoption of electric vehicles (EVs) and reducing dependence on fossil fuels. It provides financial incentives and support to various segments of the EV market, including electric two-wheelers, three-wheelers, buses, trucks, and ambulances.
Key features of the PM E-DRIVE scheme include:
- Subsidies: The scheme offers subsidies to buyers of eligible electric vehicles, based on the battery capacity and type of vehicle.
- E-vouchers: An Aadhaar-authenticated e-voucher system is used to track and manage the distribution of subsidies.
- Charging infrastructure: The government plans to invest in the installation of charging stations across the country to address range anxiety concerns for EV users.
- Domestic manufacturing: The scheme promotes domestic manufacturing of electric vehicles and components to create jobs and reduce reliance on imports.
Overall, the PM E-DRIVE scheme is a significant step towards India’s transition to electric mobility and contributes to reducing pollution and greenhouse gas emissions.
In light of the Central government’s introduction of the PM e-drive scheme, please see the following quote from Mr. Sudarshan Venu, Managing Director of TVS Motor Company.
“We welcome the PM E-Drive Scheme in line with the vision of Hon’ble Prime Minister Narendra Modi for Viksit Bharat. It will continue to drive faster adoption of EV in India and further boost local innovation and manufacturing”.
