As we know that, pollution has been increasing for the past few years, so to reduce the pollution which is caused by diesel and petrol vehicles and to promote electric or hybrid vehicles in India, the Union Cabinet has launched PM E Drive Scheme 2024 with a budget of Rs. 10,900 Crore. This scheme has been replaced by the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) Scheme. The scheme will provide subsidies on purchasing of electric two-wheelers, electric three-wheelers, electric trucks and buses as well as electric ambulances.
Along with this 88,500 electric vehicle chargers will be setup under the scheme. The scheme will support 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses. Key allocations include Rs. 4,391 crore for 14,028 electric buses in nine major cities, Rs. 500 crore each for electric trucks and ambulances, and Rs. 2,000 crore for public EV charging stations. Additionally, Rs. 780 crore is set aside to modernize test agencies for green mobility technology. The government has approved the PM-eBus Sewa-Payment Security Mechanism scheme, which will deploy over 38,000 electric buses by 2028-29 with a budget of Rs. 3,435 crore.
Also Read: Vigyan Dhara Scheme
PM E Drive Scheme Revised FAME
Union Cabinet has launched PM Electric Drive Scheme which is replaced by the Revised FAME Scheme. This scheme aims to promote the adoption of electric vehicles across India. The first phase of the FAME scheme (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles) was launched in 2015 with an outlay of Rs. 895 crore for five years, ending in 2018. It was followed by FAME 2 in 2019, with an initial allocation of Rs. 10,000 crore for three years, set to end in 2022. To further boost electric mobility, FAME 2 was extended until March 2024, with an additional outlay of Rs. 1,500 crore.
The scheme aims to promote electric and hybrid vehicles, focusing on public transport, charging infrastructure, and incentivizing electric two-wheelers, three-wheelers, and buses. FAME 2 aimed to support 10 lakh electric two-wheelers, 5 lakh three-wheelers, 55,000 four-wheelers, and 7,000 buses, but achieved 11.70 lakh two-wheelers, 1.30 lakh three-wheelers, 16,631 four-wheelers, and 4,766 buses. After its expiry, the government launched EMPS 2024 with Rs. 778 crore, extending it until September.
Purpose of PM E Drive Scheme
The purpose of the scheme are as follows:
- The purpose of launching the scheme is to promote the adoption of electric vehicles across India.
- The scheme aims to reduce air pollution by replacing diesel and petrol vehicles with electric buses, trucks, and ambulances.
- The aim of the scheme is to enhance state transport with 14,028 electric buses, improving eco-friendly mobility in urban areas.
- The goal of the scheme is to reduce emissions from heavy-duty trucks, a significant source of air pollution.
Short Summary of PM E Drive Scheme 2024
| Name of the Scheme | PM E Drive Scheme 2024 |
| Launched By | Union Cabinet, Government of India |
| Beneficiaries | Manufacturers and infrastructure providers of electric vehicles |
| Benefits | The scheme will provide subsidies on purchasing of electric two-wheelers, electric three-wheelers, electric trucks and buses as well as electric ambulances |
| Objective | To promote the adoption of electric vehicles across India |
| State | All States of India |
| Year | 2024 |
| Total Budget | Rs. 10,900 Crore |
| Replaces | Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) Scheme |
| Electric Buses Allocation | Rs. 4,391 Crore for 14,028 buses in 9 major cities |
| Electric Trucks Allocation | Rs. 500 Crore |
| Electric Ambulances Allocation | Rs. 500 Crore |
| Charging Allocation | Rs. 2,000 Crore |
| Test Agency Modernization | Rs. 780 Crore |
| Hosting Site | NIC (National Informatics Center) |
| Mode of Application | Online |
| Official Website |
List of Vehicle
List of Vehicles under the PM E-Drive Scheme are as follow:
- Electric two-wheelers
- Electric three-wheelers
- Electric Buses
- Electric Trucks
- Electric Ambulances
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Date of Announcement
- The Union Cabinet on Wednesday, 11th September 2024 announced the PM E-Drive Scheme to promote electric vehicles in India.
Benefits of PM E Drive Scheme
Here are some benefits of the scheme, which are as follows:
- This scheme will reduce the air pollution which is caused by diesel and petrol vehicles and will promote electric or hybrid vehicles in India.
- The scheme improves urban mobility with 14,028 new electric buses.
- The scheme helps to lower the emissions from electric trucks.
- The scheme provides electric ambulances, enhancing clean emergency response.
- Through this scheme citizens can avail themselves eco-friendly public transportation.
- This scheme will allow individuals to acquire the benefits of renewable energy sources through charging systems.
- The scheme upgrades testing agencies to handle new green technologies.
- The scheme facilitates the use of electric vehicles through direct subsidies and e-vouchers.
Subsidy Under PM E Drive Scheme
- The PM E-Drive Scheme provides subsidies for 14,028 electric buses, electric trucks, and electric ambulances. It also funds the installation of fast-charging stations and offers Aadhaar-linked e-vouchers for EV buyers to access direct subsidies, promoting transparency and efficiency in the subsidy process.
PM E Drive Scheme Apply Online
Union Cabinet has launched PM Electric Drive Scheme which is replaced by the Revised FAME Scheme. Currently, the scheme is in its initial phase, and no official process for application has been announced yet. It is unclear whether applications will be accepted online or offline. Interested individuals are advised to stay informed through official government channels for updates on the application procedure. Once the official platform is operational, applicants will likely be able to submit their applications online to access the scheme’s benefits. As soon as any further information about the application process is released, it will be shared. Stay connected for the latest updates regarding the scheme.
FAQs
What is the PM Electric Drive Scheme?
The PM Electric Drive Scheme is a government initiative aimed at promoting electric mobility by providing subsidies for electric buses, trucks, and ambulances, and investing in charging infrastructure.
What vehicles are covered under the scheme?
The scheme covers electric two-wheelers, electric three-wheelers, electric buses, electric trucks, and electric ambulances.
When was the scheme announced?
The Union Cabinet on Wednesday, 11th September 2024 announced the PM E-Drive Scheme to promote electric vehicles in India.
What are the key benefits of the scheme?
Benefits include reduced pollution, enhanced public transport, cleaner freight and healthcare services, expanded charging infrastructure, and direct subsidies for electric vehicles.
How can I apply for the scheme?
The official application process has not yet been announced. Stay tuned to official government channels for updates on how to apply.
What is the purpose of the scheme?
The purpose of launching the scheme is to promote the adoption of electric vehicles across India.