Government extends PM E-DRIVE Scheme by two years to March 2028, boosting electric vehicle adoption
The Indian government has extended the ₹10,900-crore PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme by two years, making its provisions effective until March 2028 instead of March 2026. This extension aims to further promote the adoption of electric vehicles, specifically targeting categories such as electric buses, e-ambulances, and e-trucks. While the overall scheme is extended, the terminal date for registered e-2 vehicles remains March 31, 2026, as per the gazette notification.
Key Points
- The government has extended the PM E-DRIVE Scheme by two years, now valid until March 2028.
- The scheme, valued at ₹10,900 crore, aims to promote electric vehicles, including buses, ambulances, and trucks.
- The full name of the scheme is "PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE)".
- While the scheme's general validity is extended, the terminal date for registered e-2 vehicles remains March 31, 2026.
- This extension is expected to further boost the adoption and development of electric mobility in India.
Exam Facts
- The PM E-DRIVE Scheme is extended till March 2028.
- The scheme has an outlay of ₹10,900 crore.
- The full name is PM Electric Drive Revolution in Innovative Vehicle Enhancement.
- The terminal date for registered e-2 vehicles is March 31, 2026.
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