PM E-Drive EV Charger Benchmark Cost Revision
Why in the news
Inter-ministerial talks began on resetting benchmark costs for public EV chargers, since technology and prices have moved since the 2022 revision.
Key facts
- The Power Ministry, Heavy Industries Ministry and BEE are jointly assessing new cost norms.
- Upstream costs covered by subsidy: transformers, cables, circuit breakers, civil works.
- Highway corridors are prioritised for EV truck and bus charging.
Present benchmarks and planned stations
| Segment | Benchmark cost | Stations planned |
|---|---|---|
| Two/three-wheelers | ₹1.5 lakh | 48,400 |
| Cars | ₹6 lakh | 22,100 |
| Buses/trucks | ₹24 lakh | 1,800 |
Why costs are shifting
- Small and home chargers are cheaper thanks to mass production, local manufacturing and incentives.
- Large fast chargers are costlier because of copper prices and imported battery management systems.
Exam angle
- Scheme: PM E-Drive; charging outlay ₹2,000 crore.
- Subsidy ceiling: 80% of upstream costs.