In 2024 the Indian government created the PM E Drive Scheme 2024 The Union Cabinet of India adopted the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) in order to advance the usage of electric automobiles in India, particularly electrically powered buses, trucks, and ambulances. Electric two-wheelers electric three-wheelers electric lorries, buses and electric ambulances will all be eligible for incentives under this program. Electric or hybrid automobiles aren’t covered by the programme, due to the Indian government Filling up the online application form is required of all Indian citizens whoever are interested in taking advantage themselves of the scheme’s privileges.
PM E Drive Scheme Revised FAME
On September 11, 2024, the Indian Union Cabinet gave consent for the PM E Drive. The FAME initiative has been superseded, as per the Government of India, with the PM E Drive. The Indian government put aside a total of INR 10,900 cr to fund incentives enabling the country’s citizens to buy electrically powered automobiles. The plan includes an allocation for state transportation divisions and additional public transportation organizations to purchase 14,028 electric buses; INR 4,391 crore have been budgeted out for this purpose. Over 4 million individuals live in the cities where electric transit buses will be used.
Objective of PM E Drive Scheme
Expanding India’s electrically powered vehicle fleet is the primary goal of the PM E Drive Scheme. Along with encouraging people to buy electric cars, the Indian government will also subsidize everyone who does become part of the programme. All around the nation, the Indian government additionally intends to install 88,500 charging stations for battery-powered automobiles. The usage of gasoline will drop dramatically and pollution will be reduced as a consequence of the promotion of electric car usage. To take advantage of the scheme’s consumption rewards, the government additionally offered e-vouchers for EV buyers.
Ladki Bahin Yojana Aadhar Link
Key Highlights of PM E Drive Scheme 2024
Yojana Name | PM E Drive Scheme 2024 |
Start By | Government of India |
Objective | Promote electric vehicles |
Beneficiaries | Senior citizens of India |
Official website | |
Total budget | INR 10,900 crore |
Approved date | 11th September 224 |
List of Vehicle
- Electric two-wheelers (e-2W)
- Electric three-wheelers (e-3W)
- E-ambulances
- E-trucks
Date of Announcement
The Prime Minister unveiled the E Drive Scheme 2024 on September 11th, 2024.
Benefits of PM E Drive Scheme
- Through this program, the Indian Government aims to promote the purchase of electric vehicles among citizens.
- Subsidies will be offered by the Indian Government to all Indian citizens who purchase electric vehicles.
- Government of India will assist in cutting down air pollution and lowering petrol consumption by encouraging electric vehicles.
- The Government of India has allocated a budget of INR 10,900 crores for the execution of this plan.
- The government has implemented e-vouchers for EV purchasers to access demand incentives within the program.
Subsidy Under PM E Drive Scheme
INR 3,679 crore worth of subsidies and demand incentives have been given to encourage the adoption of e-2Ws, e-3Ws, e-ambulances, e-trucks, and other new EVs.
PM E Drive Scheme Apply Online
STEP 1: All applicants meeting the eligibility requirements can access the official website to submit an online application for the PM E Drive Scheme 2024.
STEP 2: When the applicant arrives at the official website’s home page, they should select the “apply here” option.
STEP 3: An additional page will pop up on your computer screen where the applicant needs to input all requested information and upload all required documents onto the application form.
STEP 4: Once all the information has been entered, the applicant should promptly check it and then select the submit option to finish the process.
FAQs
What is the total budget set up by the government of India under the PM E Drive Scheme 2024?
Under the PM E Drive Scheme 2024, the Indian government established a budget of INR 10900.
When was the PM E Drive Scheme 2024 announced?
The introduction of the PM E Drive Scheme 2024 took place on 11th September 2024.
Which scheme was replaced by the PM E Drive Scheme 2024?
The PM E Drive Scheme 2024 replaced the FAME scheme.
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