The Government of India has notified ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme' on 29.09.2024 to provide impetus to the green mobility & development of EV eco-system in the country.  The scheme has an outlay of ₹10,900 crore over a period of two years from 01.04.2024 to 31.03.2026. The Electric Mobility Promotion Scheme (EMPS) 2024 implemented for a period of six months from 01.04.2024 to 30.09.2024, is subsumed in PM E-DRIVE scheme.

Salient features of PM E-DRIVE scheme:

1. Introduction of E- Vouchers: - The Ministry of Heavy Industry (MHI) has introduced E-vouchers for Electric vehicle buyer to avail the demand incentive under the scheme.
2. Introduction of new vehicle segments: - An allocation ₹500 crore each has been done for deployment of e-ambulances and e-trucks under the scheme.
3. Upgradation of testing agencies: ₹780 Crore has been earmarked for upgradation of vehicles testing agencies, identified under the scheme.

The scheme has following three components:

1. Subsidies: ₹3,679 crore as demand incentives for approximately 28 lakh e-2W, e-3W, e-ambulances, e-trucks & other new emerging EV categories;
2. Grants: ₹7,171 crore for creation of capital assets i.e., e-buses, establishment of network of charging stations & upgradation of vehicle testing agencies identified under this scheme; and
3. Administration of Scheme including IEC (Information, Education & Communication) activities and fee for Project Management Agency (PMA).

The PM E-DRIVE scheme includes incentives for consumers and not manufacturers.  It aims to boost demand for electric vehicles (EVs) through various incentives detailed below:

1. Demand Incentives: These incentives directly reduce the upfront cost of EVs for consumers at the point of purchase.  The government reimburses the incentive amount to the Original Equipment Manufacturers (OEMs).
2. Financial Support for Charging Infrastructure: The scheme allocates ₹2,000 crore for establishing public charging infrastructure for various vehicle categories.
3. Grants for Capital Assets: The scheme has provisions of ₹4,391 crore as grants to support deployment of 14,028 e-buses by Public Transport Authorities and ₹780 crore as grants for the upgradation of vehicle testing agencies identified under the scheme. Vehicles which are registered as “Motor Vehicle” as per the Central Motor Vehicle Rules (CMVR) will only be eligible for incentives. Vehicles fitted with only advanced batteries and satisfying performance criteria as notified under the scheme are eligible under the Scheme. 

Yes, there is mechanisms in place to monitor and assess the implementation of the PM E-DRIVE scheme. Project Implementation and Sanctioning Committee (PISC), an inter-ministerial empowered committee, headed by the Secretary of Heavy Industries, is constituted for overall monitoring, sanctioning, and implementation of the PM E-DRIVE scheme.  This committee is also responsible for removing any obstacles or difficulties that may arise during implementation.

This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

*****

TPJ/NJ

(Release ID: 2101632) Visitor Counter : 438