Cabinet Approves ₹10,900-Crore E-Mobility Scheme

PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme

Overview

• Approval: Union Cabinet chaired by Prime Minister Narendra Modi.
• Outlay: Rs 10,900 crore over two years.

Major Components

1. Subsidies/Demand Incentives
   • Total Allocation: Rs 3,679 crore.
   • Supported Vehicles:
     • e-2Ws: 24.79 lakh.
     • e-3Ws: 3.16 lakh.
     • e-buses: 14,028.
   • e-Voucher System:
     • e-Vouchers generated on scheme portal.
     • Aadhaar authentication for buyers.
     • Signed e-Vouchers essential for claiming incentives.
2. e-Ambulances
   • Allocation: Rs 500 crore.
   • Purpose: Promote comfortable patient transport.
   • Standards: Performance and safety standards to be formulated with MoHFW, MoRTH, and other stakeholders.
3. e-Buses
   • Allocation: Rs 4,391 crore.
   • Procurement: 14,028 e-buses for STUs/public transport agencies.
   • Demand Aggregation: Managed by CESL in cities with populations over 40 lakh.
   • Preferences: Given to cities/states replacing old STU buses through authorized scrapping centers (RVSFs).
4. e-Trucks
   • Allocation: Rs 500 crore.
   • Incentives: Provided with a scrapping certificate from MoRTH approved RVSFs.
5. Public Charging Stations (EVPCS)
   • Total Allocation: Rs 2,000 crore.
   • Installations:
     • e-4Ws: 22,100 fast chargers.
     • e-buses: 1,800 fast chargers.
     • e-2W/3Ws: 48,400 fast chargers.
6. Modernization of Testing Agencies
   • Allocation: Rs 780 crore.
   • Objective: Upgrade test agencies to handle new and emerging EV technologies.

Primary Objectives

• Incentives: Provide upfront incentives for EV purchase.
• Infrastructure: Facilitate establishment of essential EV charging infrastructure.
• Environmental Impact: Reduce transportation’s environmental footprint and improve air quality.

Additional Goals

• EV Industry Growth: Promote a competitive and resilient EV manufacturing sector.
• Aatmanirbhar Bharat: Encourage domestic manufacturing and strengthen the EV supply chain.
• Employment: Generate employment opportunities through manufacturing and charging infrastructure.

Overall Impact

• Environmental Pollution: Address concerns regarding pollution and fuel security.
• Sustainable Transportation: Promote green mobility and sustainable transportation solutions.
• Investment and Employment: Spur investment in the EV sector and create job opportunities along the value chain.