Union Cabinet Grants Approval to PM E-DRIVE Scheme with Outlay of INR 10,900 Crore
MHI is introducing e-vouchers for EV buyers to avail of demand incentives under the scheme.
September 12, 2024. By Aishwarya
The scheme has an outlay of INR 10,900 crore over two years.
Subsidies/Demand incentives worth INR 3,679 crore have been provided to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks, and other emerging EVs. The scheme will support 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.
MHI is introducing e-vouchers for EV buyers to avail of demand incentives under the scheme. At the time of purchase of the EV, the scheme portal will generate an Aadhaar authenticated e-Voucher for the buyer. A link to download the e- voucher shall be sent to the registered mobile number of the buyer.
This e-voucher will be signed by the buyer and submitted to the dealer to avail demand incentives under the scheme. After that, the e-Voucher will also be signed by the dealer and uploaded on the PM E-DRIVE portal. The signed e-voucher shall be sent to the buyer and dealer through an SMS. The signed e-voucher will be essential for OEM to claim reimbursement of demand incentives under the scheme.
The scheme allocates INR 500 crore for the deployment of e-ambulances. This is a new initiative of the government of India to promote the use of e-ambulance for a comfortable patient transport. The performance and safety standards of e-ambulances will be formulated in consultation with MoHFW, MoRTH and other relevant stakeholders.
A sum of INR 4,391 crore has been provided for procurement of 14,028 e-buses by STUs/public transport agencies. The demand aggregation will be done by CESL in the nine cities with more than 40 lakh population namely Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Surat, Bangalore, Pune and Hyderabad. Intercity and Interstate e-buses will also be supported in consultation with states.
While allocating buses to cities/states, first preference shall be given to those number of buses of cities/states, which are being procured after scrapping old STU buses, through authorised scrapping centres (RVSFs) following the MoRTH Vehicle Scrapping Scheme guidelines.
The trucks are a major contributor to air pollution. The scheme will promote the deployment of e-trucks in the country. INR 500 crore has been allocated for incentivising e-trucks. Incentives will be given to those who have a scrapping certificate from MoRTH approved vehicles scrapping centres (RVSF).
The scheme addresses range anxiety of EV buyers by promoting in a big way the installation of electric vehicle public charging stations (EVPCS). These EVPCS shall be installed in the selected cities with high EV penetration and also on selected highways.
The scheme proposes the installation of 22,100 fast chargers for e-4 Ws, 1800 fast chargers for e-buses and 48,400 fast chargers for e-2W/3Ws. The outlay for EV PCS will be INR 2,000 crore.
In view of the growing EV ecosystem in the country, the test agencies of MHI will be modernized to deal with the new and emerging technologies to promote green mobility. The upgradation of testing agencies with an outlay of INR 780 crore under the aegis of MHI has been approved.
The scheme promotes mass mobility by supporting means of public transportation. The primary objective of the PM E-DRIVE scheme is to expedite the adoption of EVs by providing upfront incentives for their purchase, as well as by facilitating the establishment of essential charging infrastructure for EVs.
The PM E-DRIVE scheme aims to promote EVs to reduce the environmental impact of transportation and improve air quality.
The scheme promotes an efficient, competitive and resilient EV manufacturing industry thereby promoting Aatmanirbhar Bharat. This will be achieved by incorporating phased manufacturing programme (PMP) which encourages domestic manufacturing and strengthening of EV supply chain.
This initiative of Indian government is poised to address concerns regarding environmental pollution and fuel security as well as to make significant progress in promoting sustainable transportation solutions.
This scheme along with its PMP, shall spur investment in the EV sector and associated supply chain. The scheme shall create significant employment opportunities along the value chain. There will also be employment generation through manufacturing and establishment of charging infrastructure.
Expressing his opinion on the same, Vinod Aggarwal, MD and CEO, VECV, said, "We welcome the PM E-DRIVE scheme as a significant step in further accelerating India’s journey towards adoption of electric vehicles. This scheme will incentivize customers to adopt environment friendly electric two-wheelers, three-wheelers, trucks, buses and ambulances. The scheme also addresses the charging infrastructure by supporting 88,500 electric vehicle chargers across the country. With meaningful outlay of 10,900 Cr, the PM E-DRIVE program reflects our government’s resolve to fast-track adoption of electric mobility and encourages industry to step up R&D, manufacturing and commercialization of clean EV technology. The payment security mechanism scheme announced for PM E-Bus Sewa will facilitate Public Transport Authorities to acquire 38,000 e-buses over the next 5 years."
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