The PM E-Drive Scheme 2024 is a program launched by the Indian government to encourage the use of electric vehicles (EVs) on 11th September 2024. Its goal is to lower pollution and reduce reliance on fossil fuels. The scheme provides incentives and subsidies for buying electric two-wheelers, three-wheelers, e-rickshaws, and e-buses. A budget of Rs 10,900 crores has been passed for running this scheme. If you are interested then you can apply for the scheme through the official website shared below. Stay connected with us to know more details about the Electric Drive Scheme Details, Document Required, List of Vehicles, Features, Benefits and How to Apply for this Scheme.
PM E Drive Scheme 2024
The PM E Drive scheme has been introduced by the Indian Government on 11th of September 2024. This program will encourage investment in electric vehicles (EVs) and their supply chain. This will create many job opportunities in the industry, including positions in manufacturing and setting up charging stations. The scheme will also set up 88,500 electric vehicle chargers. It will support 24.79 lakh e-scooters, 3.16 lakh e-three-wheelers, and 14,028 e-buses. Key investments include Rs. 4,391 crores for 14,028 electric buses, Rs. 500 crore each for electric trucks and ambulances, and Rs. 2,000 crores for public EV charging stations. The government has also approved the PM-eBus Sewa-Payment Security Mechanism scheme, which plans to roll out over 38,000 electric buses by 2028-29, with a budget of Rs. 3,435 crores.
Overview of PM E Drive Scheme
| Name of Scheme | PM E Drive Scheme 2024 |
| Launched By | Government of India |
| Implemented By | Ministry of Heavy Industries (MHI) |
| Date of Approval | 11th September 2024 |
| Main Objective | Promoting the usage of electric vehicles (EVs) |
| Beneficiary | Citizens of India |
| Benefits | The plan will offer financial support to help people buy electric scooters, three-wheelers, trucks, buses, and ambulances. |
| Total Budget | Rs 10,900 crore |
| Number of Charging Stations | 88,500 charging points to be set up across India |
| Subsidy Allocation | Rs 3,679 crore for EV subsidies |
| Electric Bus Allocation | Rs 4,391 crore for 14,028 electric buses |
| Electric Trucks Allocation | Rs 500 crores |
| Electric Ambulances Allocation | Rs 500 crore |
| Charging Allocation | Rs 2000 crore |
| Test Agency Modernization | Rs. 780 Crore |
| Vehicles Target | Electric two wheelers, three-wheelers, trucks, buses and ambulances |
| Application Procedure Mode | Online |
| Official Website Link | www.pmindia.gov.in |
Details of PM E-DRIVE Scheme
As we all are aware the population is increasing day by day so its time to reduce it by replacing petrol and diesel vehicles with Electric vehicles. The main motive of launching the PM E-Drive scheme is to encourage using E-vehicles across India. This plan by the Government of India aims to tackle problems like environmental pollution and fuel security while advancing sustainable transportation.
The Union Cabinet has introduced the PM E Drive Scheme 2024 with a budget of Rs. 10,900 Crore. This new scheme takes over from the FAME Scheme. It will offer subsidies for buying electric two-wheelers, three-wheelers, trucks, buses, and ambulances.
Document Required
- Adress Proof
- Vehicle Purchase Document
- Identity Proof
- E-Voucher Documents
- Bank Account Details
Features of PM Electric Drive Scheme
Here are some key features of the PM E-Drive scheme mentioned below: –
- The scheme gives a subsidy for electric vehicles based on their battery size with Rs 5,000 per kilowatt-hour in the first year and Rs 2,500 per kWh in the second year.
- The government is making a big investment to create a wide network of EV charging stations.
- They are also supporting research and development in electric vehicle technology to help build a local EV manufacturing industry.
- The scheme provides big subsidies for e-rickshaws and three-wheelers to help improve local transportation.
- When you buy an EV, you’ll get an e-voucher. This voucher will be uploaded to a government site to process your subsidy.
Benefits of PM E Drive Yojana
The PM E-Drive Scheme 2024 provides several important benefits:
- It encourages electric vehicles (EVs) to help cut down on air pollution.
- With lower fuel and maintenance costs, EV owners save money over time.
- Subsidies make buying EVs more affordable.
- Operating EVs costs less than running petrol or diesel vehicles.
- Financial incentives will lead more people to buy EVs which is better for the environment.
List of Vehicles
The vehicles included in the PM E-Drive Scheme are:
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- Electric bikes and scooters
- Electric buses
- Electric rickshaws
- Electric ambulances
- Electric trucks
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How to Apply Online for the PM E Drive Scheme 2024
Step 1: First of all, reach to the official Electric Drive Scheme website at www.pmindia.gov.in
Step 2: Then sign up using your Aadhaar number and other personal information.
Step 3: Select the electric vehicle model from the approved list.
Step 4: Upload the needed documents like the vehicle purchase receipt.
Step 5: Once your details are verified then you’ll get an e-voucher in your registered email.
Step 6: Sign the e-voucher, take a selfie, and upload both on the portal to get the subsidy.
FAQ
What is the PM Electric Drive Scheme?
The Government of India has started the PM Electric Drive Scheme to promote the usage of electric vehicles by offering financial support for electric buses, trucks, ambulances as well as funding charging stations.
When the India Government announced the PM E Drive Scheme?
The Union Cabinet announced the PM E-Drive Scheme on Wednesday, 11th September 2024, to encourage the use of electric vehicles in India.
How can I apply for the PM E Drive Scheme?
The official application process is not yet declared but it is expected to be announced soon.