About the Scheme
The Ministry of Heavy Industry, Govt. of India, with the approval of Union Cabinet, Chaired by Honβble Prime Minister Shri Narendra Modi has launched scheme titled β PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme vide Gazette notification S.O. 4259 (E) on September 29, 2024. The scheme will be implemented from 1st October, 2024 till 31st March, 2026. Further, EMPS-2024, the number of vehicles and the expenditure under EMPS-2024 for e-2w and e-3w being implemented for the period from 1st April 2024 to 30th September 2024 is being subsumed under PM E-DRIVE Scheme, therefore, effective period for the scheme will be two years.
Eligible Categories
- e-2 Wheelers (e-2Ws)
- e-3 Wheelers (e-3Ws) including registered e-rickshaws & e-carts and L5
- e-Ambulances
- e-Trucks
- e-Buses
- Charging infra
- Upgradation of Testing Agencies
With greater emphasis on providing affordable and environment friendly public transportation options for the masses, scheme will be applicable mainly to those e-2Ws and e-3Ws registered for commercial purposes. Further, in addition to commercial use, privately or corporate owned registered e-2Ws will also be eligible under the scheme. To encourage advance technologies, the benefits of incentives, will be extended to only those EVs which are fitted with advanced battery.
| Vehicle Segment | Maximum No. to be Supported | Total fund support from MHI (Cr.) |
|---|---|---|
| e-2 wheelers | 24,79,120 | 1,772 |
| e-Rickshaws & e-cart | 39,034 | 50 |
| e-3 wheelers L5 | 2,88,809 | 857 |
| e-Ambulances | To be notified separately | 500 |
| e-Trucks | 5,643 | 500 |
| e-Buses | 14,028 | 4,391 |
| EV PCS | - | 2,000 |
| Testing agencies upgradation | - | 780 |
| Admin Expenses | - | 50 |
| Total | 28,26,634 | 10,900 |
PM E-DRIVE e-Voucher
The Ministry of Heavy Industry (MHI) is introducing e-Vouchers for EV customers to avail the demand incentive under the scheme. The scheme portal will generate an e-KYC Aadhaar FACE authenticated e-Voucher for the customer at the time of purchase. A link to download the e-Voucher shall be sent on the registered mobile number of the customer.