1. What is the PM E-Drive scheme?
PM E-Drive (PM Electric Drive Revolution in Innovative Vehicle Enhancement) is a government initiative to boost the adoption of electric vehicles (EVs) in India.
2. What is the budget allocated for the PM E-Drive scheme?
The Union Cabinet has approved a budget of ₹10,900 crore for the scheme, which will be valid for two years.
3. What are the key objectives of the scheme?
The scheme aims to support the procurement of e-buses and set up over 72,000 charging stations across India. It also provides subsidies or demand incentives to encourage the purchase of electric two-wheelers, three-wheelers, ambulances, and trucks.
4. How will the scheme benefit the public transportation sector?
A significant portion of the budget, ₹4,391 crore, is allocated for procuring 14,028 electric buses by state transport undertakings in 9 major cities.
5. How does the scheme address the issue of 'range anxiety' among EV buyers?
Range anxiety is the fear that an electric vehicle's battery will run out before reaching a charging station, leaving the driver stranded. To alleviate range anxiety, the scheme allocates ₹2,000 crore for setting up charging stations in select cities with high EV penetration and on specific highways.
6. What are the other incentives provided under the scheme?
Subsidies or demand incentives worth ₹3,679 crore are offered for electric two-wheelers, three-wheelers, ambulances, and trucks.
7. What is the expected impact of the PM E-Drive scheme?
It is expected to significantly accelerate the adoption of electric vehicles in India. The increased availability of charging infrastructure and demand incentives will help overcome barriers to EV adoption. It will also contribute to reducing carbon emissions and promoting a cleaner environment.
Key takeaway: The PM E-Drive scheme represents a major push towards e-mobility in India. It addresses critical aspects like vehicle procurement, charging infrastructure, and financial incentives, paving the way for a greener and more sustainable transportation sector.
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