PM E-DRIVE is India's comprehensive EV promotion scheme replacing FAME II and EMPS 2024. Launched Oct 1, 2024. Budget: ₹10,900 crore (extended to March 2028). Covers e-2W, e-3W, e-ambulances (₹500 crore), e-trucks (₹500 crore), e-buses, and ₹2,000 crore for EV charging infrastructure. Uses digital e-voucher system for subsidies. Ministry of Heavy Industries.
Target Beneficiaries: EV buyers (e-2W, e-3W, e-trucks, e-ambulances, e-buses); manufacturers; charging station developers
10900
Funding Ratio (Centre:State): Central Sector Scheme (100% Central Funding)
GS Paper: GS3
Syllabus Tags
Approved in September 2024 to replace the FAME-II scheme and the interim EMPS 2024, reflecting India's Net Zero 2070 commitments.
Deployment of e-buses in 9 major cities
Metric
24.79 Lakh units
Source: PIB/Ministry of Heavy Industries
Metric
Rs 2,000 Crore
Source: PIB
PM E-DRIVE marks a strategic pivot from the demand-side incentives of FAME-II to a more comprehensive 'ecosystem' approach. By allocating specific funds for e-ambulances and e-trucks, it targets high-emission heavy vehicle segments. The inclusion of a Rs 2,000 crore component for charging infrastructure addresses the 'range anxiety' which remains the biggest hurdle to EV adoption. However, the reduction in per-unit subsidies for 2-wheelers suggests the government now expects the industry to achieve economies of scale independently.
How does the PM E-DRIVE scheme contribute to India's goal of achieving 30% EV penetration by 2030?
Essential for answers on Green Mobility and Climate Change. Keywords: Phased Manufacturing Programme (PMP), Range Anxiety, EV Infrastructure, E-Ambulance, Decarbonization of Transport.