PM E-DRIVE Scheme
About
- The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was launched by the Ministry of Heavy Industries in 2024 to provide impetus to the green mobility & development of EV manufacturing eco-system in the country.
- It replaced the earlier FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) Scheme, which began in 2015 to promote hybrid and electric vehicle technologies in India.
Objectives
- The scheme aims to accelerate the adoption of electric vehicles (EVs) in India, focusing on electric two-wheelers (e-2Ws), electric three-wheelers (e-3Ws), e-ambulances, electric buses, and other emerging EV categories.
- The scheme also aims to establish robust charging infrastructure, and strengthen the EV manufacturing ecosystem in the country.
- Under the scheme, demand incentives are primarily provided to buyers (consumers/end users) of electric vehicles in the form of an upfront reduction in the purchase price of EVs.
- The Ministry of Heavy Industries has introduced E-vouchers for Electric vehicle buyers to avail the demand incentive under the scheme.