Context:
The PM eDRIVE scheme, worth ₹ 2,000 crores, will offer 80% or more subsidy for upgradation of front-end infrastructure for public fast-charging stations for electric vehicles.
PM eDRIVE Scheme
- Launch Date
- October 1, 2024
- Ministry
- The Ministry of Heavy Industries (MHI)
- About
- It is designed to further the cause of electric mobility in India with an outlay of Rs 10,900 crore over two years.
- It has been announced to replace FAME II.
- Scope
- Automakers can recover the subsidy amount for eligible sales of electric vehicles, just like the earlier FAME-II scheme.
- Electric cars are, however, not eligible for the subsidy.
- Other Provisions
- Installation of Electric vehicle public charging stations (EVPCS) in selected cities and on selected highways.
