PM E-DRIVE Scheme 2024

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PM E-DRIVE Scheme 2024

Schemes
PM E-DRIVE Scheme 2024

The Ministry of Heavy Industries has extended subsidies for electric two-wheelers and three-wheelers under the PM E-DRIVE scheme. The move supports continued adoption of electric mobility and expansion of EV infrastructure.

PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE):

Dimension Key Details
Launch Launched in 2024
Outlay Provides financial outlay of 10900 crore rupees
Nodal Ministry Implemented by Ministry of Heavy Industries
Objective Provides acceleration of electric vehicle adoption and development of charging infrastructure and manufacturing ecosystem
Subsidy Coverage Includes e two wheelers e three wheelers e ambulances e trucks and other emerging EV categories
Demand Incentives Provides subsidies to promote purchase and usage of electric vehicles
Capital Support Provides grants for e buses charging stations network and testing facility upgrades
Current Development Subsidies extended for electric two wheelers and three wheelers
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Attempt Possible Qs

Q 1 / 2
With reference to PM E-DRIVE, consider the following statements:
1. It provides subsidies to promote purchase and usage of electric vehicles.
2. It provides grants for e-buses, charging stations network and testing facility upgrades.
Which of the statements given above are correct?