Union Cabinet approved PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme | Current Affairs | Vision IAS
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Union Cabinet approved PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme

Posted 12 Sep 2024

2 min read

Scheme (under Ministry of Heavy Industries) is approved with outlay of Rs 10,900 crore for 2 years for promotion of electric mobility in India.

  • It is said to replace the flagship Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) programme. 
  • Additionally, Cabinet has also approved PM-eBus Sewa-Payment Security Mechanism (PSM) scheme for procurement and operation of e-buses.

Major Components of PM E-DRIVE Scheme

  • Subsidies/Demand incentives to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs.
  • Installation of Electric vehicle public charging stations (EVPCS) in selected cities and on selected highways.
  • Provision for procurement of e-buses by public transport agencies through Convergence Energy Services Limited (CESL).
  • Test agencies to be modernized to deal with the new and emerging technologies to promote green mobility.

Significance of the scheme

  • Promote the deployment of e-trucks in the country.
  • Promotes mass mobility by supporting means of public transportation
  • Reduce the environmental impact of transportation and improve air quality
  • Incorporates phased manufacturing programme (PMP) which encourages domestic manufacturing and supply chain.

Challenges in promoting EV

  • Much of India's electricity is generated from burning coal.
  • Underdeveloped Charging infrastructure.
  • Suboptimal Battery Technology

 

Other Initiatives taken in EV Sector

  • National Electric Mobility Mission Plan (NEMMP) to encourage the adoption of EVS in India.
  • Production-Linked Incentive (PLI) scheme for the Auto and Auto Component.
  • PLI scheme for manufacturing advanced chemistry cell (ACC) batteries.

 

  • Tags :
  • FAME
  • PM E-DRIVE
  • PM-eBus Sewa-Payment Security Mechanism (PSM) scheme
  • EVPCS
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