Article Title: PM E-DRIVE Scheme
13-09-2024
Polity & Governance Current Affairs Analysis
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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