About the Scheme
The Ministry of Heavy Industry, Govt. of India, with the approval of Union Cabinet, Chaired by Hon’ble Prime Minister Shri Narender Modi has launched scheme titled ‘ 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. of Vehicles to be Supported | Total fund support from MHI (Cr.) |
---|---|---|
e-2 wheelers | 24,79,120 | 1,772 |
e-Rickshaws & e-cart | 1,10,596 | 192 |
e-3 wheelers L5 | 2,05,392 | 715 |
e-Ambulances | To be notified separately | 500 |
e-Trucks | To be notified separately | 500 |
e-Buses | 14,028 | 4,391 |
EV PCS | 72,300 | 2,000 |
Testing agencies upgradation | - | 780 |
Admin Expenses | - | 50 |
Total | 28,81,436 | 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.