Govt launches PM E-Drive scheme to replace FAME, no subsidies for electric or hybrid Cars
Notable because
With FAME II contributing to over 1.5 million electric vehicle (EV) sales in FY24, the PM E-DRIVE scheme builds on its success through a more robust approach. It allocates INR 3,679 crore for demand incentives and introduces an e-voucher system for smoother implementation. The scheme prioritises charging infrastructure to enable EV roaming and interoperability, with plans to install over 70,000 fast chargers to address infrastructure gaps. It also focuses on the e-trucks, e-buses, and e-ambulances vehicle categories.
What to look out for in the months ahead
Will the implementation of the e-voucher system be user-friendly and smooth enough to be utilised to its full potential?
If yes, can this model be replicated to streamline the outlay disbursement under other government programmes?
How will excluding categories E4W and E4W (commercial) in the PM E-DRIVE scheme impact the overall EV sales?