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The Rs. 10,900 crore PM E-DRIVE scheme boosts EV adoption with incentives, charging networks, and local manufacturing, supporting India’s 2070 net-zero goal.
The recently launched ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE)’ scheme, approved by the Cabinet with an investment of Rs. 10,900 crore, came into effect on October 1, 2024, and will remain active until March 31, 2026. This program aims to accelerate the adoption of electric vehicles (EVs) nationwide, bolster essential charging infrastructure, and foster a strong domestic EV manufacturing ecosystem. Since the scheme's launch, EV sales have reached record highs, underscoring the rapid growth of EV adoption.
The PM E-DRIVE initiative focuses on enhancing mass mobility through support for public transport, offering incentives for EV purchases and encouraging the expansion of charging networks. Its core goals include reducing transportation-related emissions, improving air quality, and building a globally competitive EV manufacturing sector in alignment with the Atma Nirbhar Bharat mission. Through a phased manufacturing program (PMP), the scheme supports domestic production and strengthens the EV supply chain.
The Ministry of Heavy Industries is spearheading India’s push toward electric mobility, aligning with the country’s net-zero carbon emissions goal for 2070. Through the Electric Mobility Promotion Scheme (EMPS) and PM E-DRIVE, electric two-wheeler sales reached 5,71,411 units in FY 2024-25, while sales of electric three-wheelers, including e-rickshaws and e-carts, recorded notable increases across various categories.
The scheme aims to develop a robust public charging network with 22,100 fast chargers for electric four-wheelers (e-4Ws), 1,800 for e-buses, and 48,400 for e-2Ws and e-3Ws. A total of Rs. 2,000 crore is designated for charging infrastructure, targeting high EV-penetration cities and select highways to boost user confidence.
With a budget of Rs. 780 crore, the MHI plans to modernise testing agencies, incorporating advanced technologies to support green mobility initiatives.
Demand incentives, a core component of PM E-DRIVE, focus on making EVs more affordable and accessible, particularly for commercial two- and three-wheelers with advanced batteries. EVs purchased by government departments, however, are not eligible for these incentives to avoid fund transfers within government entities. The scheme requires that eligible vehicles be registered under the Central Motor Vehicles Rules (CMVR), 1989.
To maximise the affordability of EVs, the scheme offers an incentive rate of Rs. 5,000 per kWh for e-2Ws and e-3Ws registered in FY 2024-25, dropping to Rs. 2,500 per kWh in FY 2025-26. Incentives are capped per vehicle or at 15% of the ex-factory price, whichever is lower, and only vehicles below a specified price threshold qualify.
To streamline the incentive process, the scheme introduces e-vouchers for EV buyers. At the time of purchase, the scheme portal generates an Aadhaar-verified e-voucher, which the buyer signs and submits to the dealer. This signed voucher allows dealers to apply for reimbursements through the PM E-DRIVE portal.
The PM E-DRIVE scheme represents a major step by the Indian government toward a cleaner, sustainable future for transportation. By supporting EV adoption and infrastructure, this initiative is set to reduce environmental pollution, enhance fuel security, and create substantial employment opportunities in manufacturing and charging infrastructure. This visionary program reflects India’s commitment to promoting sustainable and innovative mobility solutions for the future.
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