PM E-Drive: New Electric Vehicle Enhancement Scheme Of The Indian Govt. It replaces the FAME II initiative that was depleted in funding by March 2024. However, the focus is on promoting electric cars (EVs) in mass to encourage the movement towards adoption of EVs nation-wide under PM E-Drive programme While the new effort will have a budget less than that of its predecessor, it is targeted to bump up the number of electric cars in India.
PM E-Drive Scheme Overview
- Administered by Ministry of Heavy Industries.
- Allocate ?10,900 crore for a period of two years.
- Aims at electric two- and three-wheelers.
- Financial incentives for electric vehicles
- Intends to establish 88,500 charging stations pan-India.
- Proposed plans to help state transport undertakings and public organizations purchase 14,028 electric buses
- Building a network of fast chargers for various types of electric vehicles;
- INR 2,000 crore will as a fund for growing the charging infrastructure
- Indian auto industry gives a thumbs up to the policy, leading players from companies such as Ola and Mahindra Group hail the scheme
Month: Current Affairs - September 18, 2024
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