September 30, 2024 5:32 PM

Government launches PM E-DRIVE subsidy scheme with Rs 10,900 crore outlay

The central government has officially notified the PM Electric Drive (E-DRIVE) subsidy scheme, with a financial outlay of Rs 10,900 crore. The scheme will be implemented from October 1, 2024, until March 31, 2026, and is designed to accelerate the adoption of electric vehicles (EVs) across India. The scheme will focus on electric two-wheelers (e-2Ws), electric three-wheelers (e-3Ws), electric buses, and other emerging categories of EVs. The PM E-DRIVE Scheme builds upon previous initiatives su...