About the Scheme
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
Key Features
- Budget: ₹10,900 crore (2024-2028 after extension); replaces FAME I, FAME II, EMPS 2024
- Demand incentives for e-2W, e-3W (cargo and passenger), e-ambulances, e-trucks, e-buses
- ₹2,000 crore for public EV charging station infrastructure across India
- ₹780 crore for upgradation of vehicle testing and certification agencies
- E-Voucher digital system: beneficiaries get voucher to claim incentive at point of sale
- E-truck incentive requires scrapping certificate from MoRTH-approved RVSF
- Successor scheme: FAME I (2015-2019) → FAME II (2019-2024) → EMPS 2024 → PM E-DRIVE