The Union Cupboard, chaired by Prime Minister Narendra Modi, on Wednesday gave the nod to a proposal by the Ministry of Heavy Industries (MHI) for implementing the PM Electrical Drive Revolution in Revolutionary Car Enhancement (PM E-DRIVE) Scheme geared toward selling electrical mobility within the nation. The scheme has an outlay of Rs 10,900 crore spanning two years, based on an official assertion.
Subsidies and demand incentives price Rs 3,679 crore have been offered to incentivise e-two-wheelers, e-three-wheelers, e-ambulances, e-trucks, and different rising EVs. It should assist 24.79 lakh e-two-wheelers, 3.16 lakh e-three-wheelers, and 14,028 e-buses, the assertion mentioned.
The Heavy Industries Ministry is introducing e-vouchers for EV consumers to avail demand incentives underneath the scheme. On the time of buy of the EV, the scheme portal will generate Aadhaar authenticated e-vouchers for consumers. A hyperlink to obtain the e-voucher shall be despatched to the customer’s registered cell quantity. This e-voucher shall be signed by the customer and submitted to the supplier to avail demand incentives underneath the scheme. It should even be signed by the supplier and uploaded on the PM E-DRIVE portal. The signed e-voucher shall be despatched to the customer and supplier by means of an SMS. This signed e-voucher shall be important for unique gear producers (OEMs) to assert reimbursement of demand incentives underneath the scheme.
The scheme allocates Rs 500 crore for the deployment of e-ambulances. It is a new initiative of Govt of India to advertise the usage of e-ambulances for the comfy transport of sufferers. The efficiency and security requirements of e-ambulances shall be formulated in session with MoHFW, MoRTH, and different related stakeholders.
A sum of Rs 4,391 crore has been offered for the procurement of 14,028 e-buses by STUs/public transport businesses. The demand aggregation shall be finished by CESL within the 9 cities with greater than 40 lakh inhabitants specifically Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Surat, Bangalore, Pune, and Hyderabad. Intercity and Interstate e-buses may also be supported in session with states.
Whereas allocating buses to cities/states, desire shall be given to these variety of buses of cities/states, that are being procured after scrapping outdated STU buses, by means of authorised scrapping centres (RVSFs) following the MoRTH Car Scrapping Scheme tips.
Vans are main contributors to air air pollution. The scheme will promote the deployment of e-trucks within the nation. A sum of Rs 500 crore has been allotted for incentivising e-trucks. Incentives shall be given to those that have a scrapping certificates from MoRTH-approved automobiles scrapping centres (RVSF).
Welcoming the Cupboard’s choices to advertise electrical mobility within the nation, Shailesh Chandra, President of business physique SIAM, mentioned the PM e-DRIVE scheme is a progressive step that underscores the agency dedication in direction of selling sustainable mobility.
“It should undoubtedly assist speed up the adoption of electrical automobiles (EVs) throughout the nation, making clear and inexperienced transportation extra accessible to all. This forward-thinking initiative displays the Authorities’s unwavering assist for India’s transition to electrical mobility, fostering innovation and funding inside the sector. We consider this scheme is not going to solely improve the expansion of the EV ecosystem but in addition strengthen India’s management within the international motion in direction of environmental sustainability,” mentioned SIAM’s Chandra.
In a separate improvement, the Cupboard additionally gave the nod to the PM-eBus Sewa-Fee Safety Mechanism (PSM) scheme for the procurement and operation of e-buses by Public Transport Authorities, involving the rollout of greater than 38,000 e-buses over a five-year interval from FY25 to FY29 with an outlay of over Rs 3,435 crore.
