The Union Cabinet has approved the proposal of Ministry of Heavy Industries (MHI) for implementation of scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ for promotion of electric mobility in the country.
- The scheme has an outlay of Rs 10,900 crore over a period of two years.
- The major components of the scheme are as under: Subsidies/Demand incentives worth Rs.3,679 crore have been provided to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs.
- The scheme will support 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.
- MHI is introducing e-vouchers for EV buyers to avail demand incentives under the scheme.
- At the time of purchase of the EV, the scheme portal will generate an Aadhaar authenticated e-Voucher for the buyer.
- A link to download the e- voucher shall be sent to the registered mobile number of the buyer.
- This e-voucher will be signed by the buyer and submitted to the dealer to avail demand incentives under the scheme.
- Thereafter, the e-Voucher will also be signed by the dealer and uploaded on the PM E-DRIVE portal.
- The signed e-voucher shall be sent to the buyer and dealer through an SMS.
- The signed e-voucher will be essential for OEM to claim reimbursement of demand incentives under the scheme.
