PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme

Current Context: The Union Cabinet has approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme on September 11, 2024.

• This scheme aims to promote electric mobility in India with an outlay of ₹10,900 crore over two years.
• Key highlights of the scheme include:
• Subsidies and Demand Incentives: ₹3,679 crore allocated for e-2Ws, e-3Ws, e-ambulances, e-trucks, and other emerging EVs.
• E-Vouchers: Streamlining the EV buying process with Aadhaar authenticated e-vouchers.
• E-Ambulances: ₹500 crore allocated for the deployment of e-ambulances.
• E-Buses: ₹4,391 crore for the procurement of 14,028 e-buses by public transport agencies.
• Charging Infrastructure: ₹2,000 crore for installing fast chargers.
• Vehicle Testing Infrastructure: ₹780 crore for developing testing agencies.
• This initiative is a significant step towards enhancing electric vehicle mobility and supporting greener healthcare solutions in India.

Question:

1 How much funding is allocated for subsidies and demand incentives under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme?

• A) ₹1,000 crore
• B) ₹2,500 crore
• C) ₹3,679 crore
• D) ₹4,500 crore

Answer: C) The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme allocates ₹3,679 crore for subsidies and demand incentives for various electric vehicles, including e-2Ws, e-3Ws, e-ambulances, and e-trucks.