Pm e Drive Scheme 2024 : Apply Online

Pm e Drive Scheme 2024 : Apply Online Portal link. Check Eligibility Criteria, Required Documents for eDrive Scheme.

pm e drive scheme : Apply Online

The PM E-DRIVE Scheme Online Apply 2024 is an initiative. Supervised by Prime Minister Narendra Modi and the Union Cabinet. To encourage the use of electric vehicles (EVs) in India.  The scheme, which is called the PM Electric Drive Revolution in Innovative Car Enhancement (PM E-DRIVE), with an investment of Rs 10,900 crore, intends to improve public charging infrastructure, upgrade car testing facilities, and provide subsidies in order to hasten the adoption of EVs. Those who are interested can apply for the advantages of the scheme and learn more by visiting the official website. Readers can also follow the article for comprehensive details on the eligibility requirements and application process for the PM E Drive Scheme.

Key Highlights of the PM E Drive Scheme 2024 :

Key Highlights	Details
Name of the Scheme	PM E Drive Scheme 2024
Introduced by	Government of India
Objective	Promote electric vehicles
Beneficiaries	Senior citizens of India
Total Budget	INR 10,900 crore
Approved Date	11th September 2024
List of Vehicles	Electric two-wheelers (e-2W)
	Electric three-wheelers (e-3W)
	E-ambulances
	E-trucks

PM E Drive – Main Highlights :

Implemented by : Ministry of Heavy Industries (MHI)

About :

• Scheme Launch : The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) aims to promote electric vehicle adoption.
• Replacement : This program replaces the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II).
• Focus : Emphasizes public transportation by providing incentives for electric buses and trucks.

Aim :

• Primary Goal : Speed up the transition to electric vehicles through upfront incentives and the establishment of a strong charging network.

Impact :

• Pollution Reduction: Lowers air pollution and dependence on fuel.
• Employment Creation: Creates jobs in EV manufacturing, supply chains, and charging infrastructure setup.

Subsidies and Incentives :

• Support Provided : Subsidies for electric two-wheelers (e-2Ws), three-wheelers (e-3Ws), e-ambulances, e-trucks, and other new EVs.
• Coverage : Support for 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.

Features of PM E Drive :

• E-Vouchers : Aadhaar-authenticated e-vouchers for electric vehicle buyers, signed by both the buyer and dealer, uploaded to the PM E-DRIVE portal to access incentives.
• E-Ambulances : A budget of INR 500 crore allocated for e-ambulances, with safety standards developed with the Ministry of Health and Family Welfare and other stakeholders.
• E-Buses : INR 4,391 crore allocated to acquire 14,028 e-buses for state transport units.
• Demand Aggregation : Managed by CESL in cities with populations exceeding 4 million, including Delhi, Mumbai, and Kolkata.

PM E Drive Scheme Revised :

• The PM E Drive Scheme has taken the place of the FAME India initiative, which aimed to promote electric and hybrid vehicles in India.
• FAME India operated in two phases, starting on April 1, 2015, and concluding on March 31, 2024.
• The government allocated Rs 11,500 crore for the second phase, a significant increase from the Rs 895 crore invested in the first phase.
• More than 4 million individuals will benefit from electric buses introduced in cities.
• The PM E Drive Scheme has a budget of Rs 10,900 crore over two years, providing Rs 2,679 crore in subsidies and incentives, which includes Rs 500 crore for ambulances, trucks, and buses.

Objectives of the PM E Drive Scheme include :

• Boosting the number of electric vehicles (EVs) in India.
• Encouraging people to buy EVs through discounts and incentives.
• Setting up 88,500 EV charging stations nationwide.
• Minimizing pollution and cutting down on petrol usage by promoting EVs.
• Creating e-vouchers to provide demand incentives for EV consumers.

Benefits of the Scheme :

• The Indian government promotes electric vehicle purchases through this initiative.
• Buyers of EVs will receive government subsidies.
• The scheme aims to lower air pollution and reduce petrol consumption.
• A total of INR 10,900 crore is designated for executing this plan.
• E-vouchers are available for consumers to take advantage of demand incentives.

Subsidy details under the PM E Drive Scheme :

• A total of INR 3,679 crore is allocated for subsidies and demand incentives for electric two-wheelers, three-wheelers, ambulances, trucks, and other EVs.

How do I apply for the PM eDrive Scheme online ?

• Visit the official PM E Drive Scheme 2024 website to check your eligibility.
• Click on “Apply Here” on the homepage.
• A new page will appear; fill out the form with the requested information and attach required documents.
• Review your information and click “Submit” to complete your application.

Required Documents :

• Aadhar Card
• Email ID
• Mobile Number
• Electricity Bill
• Address Proof
• PAN Card
• Passport Size Photo

Eligibility Criteria for PM E Drive :

• An Indian citizen.
• Age more than 18 years.
• The applicant’s family should not have a four-wheeler.

List of Vehicles :

• Electric Two-Wheelers (e-2W)
• Electric Three-Wheelers (e-3W)
• E-Ambulances
• E-Trucks

Incentives :

• ₹10,000 subsidy per electric 2-wheeler sold until March 2025.
• ₹50,000 subsidy per electric 3-wheeler.
• Subsidies will be halved in the next financial year (e.g., electric 3-wheeler subsidy will reduce to ₹25,000 from April 2025).

Goals and Targets :

Goals and Targets	Details
Market Share Targets	– 10% for electric 2-wheelers by March 2026 – 15% for electric 3-wheelers by March 2026
Expected Support	– 24.79 lakh electric 2-wheelers – 3.16 lakh electric 3-wheelers – 14,028 e-buses

 

Allocation and Procurement :

E-Buses :

• ₹4,391 crore allocated for procuring 14,028 e-buses.
• Priority given to procurement after scrapping old buses.
• Cities included: Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Surat, Bangalore, Pune, Hyderabad.

Exclusions :

Electric Cars : Excluded from the scheme due to existing benefits from a lower 5% GST rate.