The PM E-DRIVE scheme replaces the FAME initiative, with a budget of Rs 10,900 crore to promote EV adoption across India
The scheme will support 2.47 million electric two-wheelers, 316,000 electric three-wheelers, and over 14,000 e-buses through fiscal incentives
Unlike earlier, the new scheme prioritises electric trucks, ambulances, and public transport, aiming for a greater environmental impact
The PM-eBus Sewa scheme, with an outlay of Rs 3,435 crore, aims to deploy over 38,000 electric buses by 2028-29 to replace diesel buses
With Rs 2,000 crore allocated for over 74,000 public charging stations, the focus on infrastructure is expected to boost EV adoption
A new e-voucher system for EV buyers will streamline incentives, but it requires seamless implementation to avoid delays