PM E-Drive Scheme Extended to 2027-28: Key Details
Why in the news
The Centre extended PM E-Drive to FY2027-28 as nearly half the outlay lay unspent.
Key facts
- Launched: 1 October 2024, replacing EMPS-2024.
- Administered by: Ministry of Heavy Industries.
- Coverage: e-two-wheelers, three-wheelers, trucks, ambulances, buses, charging infrastructure.
| Component | Amount |
|---|---|
| Total outlay | ₹10,900 crore |
| EV demand incentives | ₹3,679 crore |
| E-buses, charging, testing facilities | ₹7,171 crore |
Objectives
- Faster EV uptake in public transport and logistics.
- Lower upfront EV cost and range anxiety.
- Back domestic manufacturing.
Exam angle
- Nodal ministry: Heavy Industries.