PM E-DRIVE Scheme

Current Affairs Analysis 5 min
Current Affairs Analysis 5 min

Pm E-drive Scheme

View September 2024 Crrent Affairs

Why in news?

The Union Cabinet has approved thePM Electric Drive RevolutioninInnovative Vehicle Enhancement (PM E-DRIVE)Scheme to promote electric mobility in India.

  • The scheme, with an outlay ofRs 10,900 crore over two years, aims to expedite EV adoption, improve air quality, and reduce the environmental impact of transportation.

PM E-DRIVE Scheme Details

  • The scheme has beenproposed by the Ministry of Heavy Industries.
  • The scheme has an outlay of₹10,900 crore over two years.
  • It aims to promote electric mobility across the country.
  • The scheme willreplace the existing FAME programmethat ran for nine years till March, 2024.
  • However, under the schemethere is no support for electric cars.
  • It hasalso excluded hybrid cars.

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