The PM E-DRIVE Scheme is a groundbreaking initiative designed to accelerate India’s adoption of electric vehicles (EVs). With a focus on reducing emissions and promoting sustainable transport, this scheme offers financial incentives and infrastructure support to catalyze the transition to clean energy vehicles. The scheme’s ambitious budget of ₹10,900 crore aims to support public transport and freight solutions, enhancing the EV ecosystem across the nation. Let’s understand what’s the eligibility, benefits and subsidy claim process for PM E Drive Initiative.
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What is PM E-DRIVE Scheme
The PM E-DRIVE Scheme, formally known as the PM Electric Drive Revolution in Innovative Vehicle Enhancement, targets the mass adoption of EVs across public transportation and freight sectors. By excluding private electric cars, the scheme emphasizes public utility and environmental responsibility. The initiative encourages the integration of advanced battery technologies and the development of essential infrastructure, including public charging stations (PCS), to foster a robust EV environment.
PM E-DRIVE Scheme Launch Date
The scheme was launched on October 1, 2024, and is scheduled to run until March 31, 2026.
Eligibility
- Open to Indian citizens purchasing eligible vehicle models like E-3 Wheelers (L5), E-Rickshaws, and E-Carts.
- Dealers involved must be registered under the scheme.
- Required documentation includes valid identity and residency proof.
Eligible Vehicle Categories
The scheme supports a variety of electric vehicles, emphasizing sustainable mobility. This includes electric two-wheelers, E-3 Wheelers (L5), E-Rickshaws & E-Carts, electric buses, e-ambulances, and e-trucks. The objective is to bolster public and freight transport while deliberately excluding personal electric cars to focus on wider societal benefits.
Objective
- Propel EV adoption in India swiftly.
- Reduce urban emissions and reliance on fossil fuels.
- Support electrification of public transport.
- Develop a widespread EV charging infrastructure network.
Salient Features
- Total fiscal allocation of ₹10,900 crore.
- Focus on public and freight transport systems.
- Exclusion of private electric cars to prioritize mass transit.
- Operative from October 2024 to March 2026.
Benefits
- Provides financial incentives for purchasing eligible EVs.
- Promotes local component sourcing for EV infrastructure development.
- Enables cleaner, more efficient urban transport.
- Aims to lower air pollution and greenhouse gas emissions, fostering a sustainable mobility transition.
PM E-DRIVE Scheme Subsidy
For Vehicles
| Vehicle Segment | Incentive for FY 2024-25 | Incentive for FY 2025-26 | Max Ex-factory Price to Avail Incentive |
|---|---|---|---|
| Registered e-2 wheelers | ₹5,000/kWh, capped at ₹10,000 per vehicle | ₹2,500/kWh, capped at ₹5,000 per vehicle | ₹1.5 lakh |
| Registered e-rickshaws and e-carts | ₹5,000/kWh, capped at ₹25,000 per vehicle | ₹2,500/kWh, capped at ₹12,500 per vehicle | ₹2.5 lakh |
| Registered e-3 wheelers and L5 | ₹5,000/kWh, capped at ₹50,000 per vehicle | ₹2,500/kWh, capped at ₹25,000 per vehicle | ₹5 lakh |
For E-Buses
| E-Bus Size | Incentive | Maximum Incentive per E-Bus | Maximum Ex-factory Price to Avail Incentive |
|---|---|---|---|
| Standard bus length – >10m and <=12m | ₹10,000/kWh | ₹35 lakh | ₹2 crore |
| Midi bus length – >8m and <=10m | ₹10,000/kWh | ₹25 lakh | ₹2 crore |
| Mini bus length – >6m and <=8 m | ₹10,000/kWh | ₹20 lakh | ₹2 crore |
PM E-DRIVE e-Voucher
The scheme provides buyers an e-voucher to claim subsidies. During EV purchase, an e-KYC Aadhaar face-authenticated e-Voucher is generated on the scheme portal. This digital voucher simplifies the subsidy process, ensuring efficient and secure transactions. It also serves as a necessary document for claiming subsidies.
How to Apply Online for PM E-DRIVE Scheme
- Visit the official PM E-DRIVE website.
- Register by creating a user account.
- Complete the application form with necessary details.
- Upload required documents for verification, including RTO approvals.
- Track the application status on the online portal.
How to Claim PM E-DRIVE Subsidy
- Obtain an e-voucher upon vehicle purchase.
- Both buyer and dealer must sign the e-voucher.
- Dealer uploads the voucher onto the PM E-DRIVE portal.
- Receive confirmation and subsidy details via SMS.
- Subsidy amount processed and credited as per scheme guidelines.
Helpline
For further inquiries or support, contact the PM E-DRIVE helpline at support or visit the official website of the Ministry of Heavy Industries.
FAQ
What types of vehicles are supported under the PM E-DRIVE scheme?
The scheme includes electric two-wheelers, three-wheelers, electric buses, and e-ambulances.
How long is the PM E-DRIVE scheme valid?
The scheme runs from October 1, 2024, to March 31, 2026.
Are private electric cars eligible for subsidies under this scheme?
No, the scheme focuses on public transport and excludes private electric cars.
What is the financial allocation for the PM E-DRIVE scheme?
The scheme has a financial allocation of ₹10,900 crore.
How can I apply for the PM E-DRIVE scheme?
Applications can be submitted online through the PM E-DRIVE official portal.