Ola proprietor and chief govt officer Bhavish Aggarwal on Thursday invited the federal authorities’s PM E-DRIVE plan and acknowledged it’s a strong press by PM Narendra Modi to enhance EV fostering inIndia The PM E-DRIVE plan, approved by the Union Cabinet on Wednesday with an funding of Rs 10,900 crore for two years, modifications the entrance runner reputation program that competed 9 years until March to enhance electrical automotive (EV) fostering within the nation.
“A strong push to boost EV adoption by our PM Shri Narendra Modi ji yesterday! The PM E-Drive scheme is a welcome move and a great step to accelerate EV adoption in India. The scheme will provide the required impetus to the EV industry to scale and mature rapidly, ensuring a swift transition from ICE to EVs!” Bhavish Aggarwal acknowledged in a message on X.
What is the PM E-DRIVE Scheme?
The PM Electric Drive Revolution In Innovative Vehicle Enhancement (PM E-DRIVE) was approved on September 11, 2024, on the convention of the Union Cabinet chaired by Prime Minister Narendra Modi.
The plan will definitely maintain 24.79 lakh electrical two-wheelers, 3.16 lakh e-three wheelers, and 14,028 e-buses. It will definitely likewise maintain 88,500 billing web sites.
The brand-new plan provides subsidies/demand rewards price Rs 3,679 crore to incentivise fostering {of electrical} two-wheelers, electrical three-wheelers, e-ambulances, e-trucks and varied different arising elecric lorries (EVs).
An quantity of Rs 4,391 crore has really likewise been attended to buy of 14,028 e-buses by state transportation duties and public transportation corporations.
Besides, Rs 500 crore has really been allotted for the implementation of e-ambulances. This is a brand-new marketing campaign of the federal authorities to promote utilizing e-ambulance for a comfortable particular person transportation.
An quantity of Rs 500 crore has really been attended to incentivising fostering of e-trucks.
The PM E-DRIVE plan modifications the entrance runner reputation program that competed 9 years untilMarch The Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (POPULARITY) Scheme was launched in April 2015.
