Latest news with #PME-DRIVEScheme
The Hindu
11 hours ago
- Automotive
- The Hindu
Government extends PM E-DRIVE Scheme by two years till March 2028
The government has extended the validity of the ₹10,900-crore PM E-DRIVE Scheme by two years till March 2028 for certain categories of vehicles including electric buses, e-ambulances and e-trucks. According to a gazette notification on the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, the provisions of the scheme will now be in effect till March 2028 instead of March 2026. However, the terminal date for registered e-2W (electric two-wheeler), registered e-rickshaws & e-cart and registered e-3W (L5) shall be 31st March 2026, as per the notification. "This is a fund limited Scheme. Total payout under the Scheme shall be limited to the scheme outlay of ₹10,900 crore," the notification said. It further stated that in case the funds for the Scheme or its relevant sub-components are exhausted prior to the terminal date of the Scheme i.e. 31st March 2028, then the Scheme or its relevant sub-components will be closed accordingly and no further claims will be entertained. Saurabh Agarwal, Partner & Automotive Tax Leader, EY India, said the extension of the PM E-Drive scheme till March 2028 is a timely and focused move by the government to support electric mobility in high-impact areas like electric buses, trucks, and ambulances. "These vehicles play an important role in public transport and essential services, and increasing their adoption will help improve air quality, reduce emissions and increase adoption of electric vehicles across all cities in India. Keeping the same budget of Rs 10,900 crore and using a first-come, first-serve model will promote healthy competition and push manufacturers and operators to act quickly," he added.
Business Upturn
18 hours ago
- Automotive
- Business Upturn
Public EV charging stations in India reach 29,277; Rs 2,000 crore allocated for expansion
By Aditya Bhagchandani Published on August 8, 2025, 16:48 IST As of August 1, 2025, India has installed 29,277 public electric vehicle charging stations (EVCS) across the country, according to data from the Ministry of Power. This marks a significant increase from 25,202 stations in December 2024, with 4,075 new installations so far in 2025. The government has allocated Rs 2,000 crore under the PM E-DRIVE Scheme to support the installation of adequate EV charging stations on a pan-India basis, addressing the growing demand for electric mobility infrastructure. The Ministry of Power has also issued the 'Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024,' aimed at creating a connected and interoperable network that includes both charging and battery swapping stations. Uttar Pradesh alone accounts for 2,326 public charging stations, with the highest numbers in Gautam Buddha Nagar (100), Prayagraj (88), and Agra (88). The setup of EVCS is classified as an unlicensed activity, allowing any entity to install charging points nationwide. Year-wise public EVCS growth: December 2022: 5,151 stations December 2023: 11,903 stations December 2024: 25,202 stations August 1, 2025: 29,277 stations This update was shared by Minister of State for Heavy Industries and Steel, Shri Bhupathiraju Srinivasa Varma, in a written reply in the Rajya Sabha. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
20 hours ago
- Automotive
- News18
Govt extends PM E-DRIVE Scheme by two years till March 2028
New Delhi, Aug 8 (PTI) The government has extended the validity of the Rs 10,900-crore PM E-DRIVE Scheme by two years till March 2028 for certain categories of vehicles including electric buses, e-ambulances and e-trucks. According to a gazette notification on the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, the provisions of the scheme will now be in effect till March 2028 instead of March 2026. However, the terminal date for registered e-2W (electric two-wheeler), registered e-rickshaws & e-cart and registered e-3W (L5) shall be 31st March 2026, as per the notification. 'This is a fund limited Scheme. Total payout under the Scheme shall be limited to the scheme outlay of Rs 10,900 crore," the notification said. It further stated that in case the funds for the Scheme or its relevant sub-components are exhausted prior to the terminal date of the Scheme i.e. 31st March 2028, then the Scheme or its relevant sub-components will be closed accordingly and no further claims will be entertained. Saurabh Agarwal, Partner & Automotive Tax Leader, EY India, said the extension of the PM E-Drive scheme till March 2028 is a timely and focused move by the government to support electric mobility in high-impact areas like electric buses, trucks, and ambulances. 'These vehicles play an important role in public transport and essential services, and increasing their adoption will help improve air quality, reduce emissions and increase adoption of electric vehicles across all cities in India. Keeping the same budget of Rs 10,900 crore and using a first-come, first-serve model will promote healthy competition and push manufacturers and operators to act quickly," he added. PTI RSN HVA view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
02-08-2025
- Automotive
- Time of India
India has 29,277 EV charging stations, Karnataka leads: Minister
There are now a total of 29,277 electric vehicle (EV) charging stations across the country, the Parliament was informed on Friday. Karnataka leads with 6,097 EV charging stations, followed by Maharashtra at 4,155 and Uttar Pradesh at 2,326, Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, told the Lok Sabha in a written reply. The Power Ministry issued the 'Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024', in September last year, and the 'Guidelines for Installation and Operation of Battery Swapping and Charging Stations', in January this year, which lay down standards and protocols for developing a nationwide network of electric vehicle charging infrastructure, battery charging, and battery swapping stations. "An allocation of ₹ 2,000 crore has been made under the PM E-DRIVE Scheme to support the "setting up of adequate public charging infrastructure for various categories of electric vehicles" on a pan-India basis in consultation with ministries, states and other stakeholders," informed the minister. The PM E-DRIVE scheme was launched in October 2024 to accelerate the adoption of electric vehicles (EVs) through demand incentives and expand EV charging infrastructure nationwide. The Centre has allocated ₹ 10,900 crore for subsidies to EVs under this scheme. When it comes to Tier-2 cities, there are as many as 4,625 EV charging stations operational in the country (as on April 1, 2025). Meanwhile, the government has supported a total of 18,84,905 electric vehicles (EVs) under the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) scheme till June 30 this year. Under the FAME-II scheme, the government supported 16,29,600 vehicles. The FAME-II scheme sanctioned a total of ₹ 912.50 crore for the installation of 9,332 EV PCS, out of which 8,885 EVPCS have been installed (as on June 30), said Varma. The FAME schemes were applicable all across the country, including Tier 2 and Tier 3 cities. The FAME-I Scheme duration was 2015-2019, and the duration of the FAME-II scheme was 2019-2024.
New Indian Express
11-07-2025
- Automotive
- New Indian Express
Govt launches e-truck scheme for buyers with Rs 500 crore outlay
NEW DELHI: The government on Friday launched a scheme to provide financial incentives for electric truck manufacturers under the PM E-DRIVE Scheme with an outlay of Rs 500 crore. The incentive will be available to buyers of e-trucks against scrapping of existing non-EV trucks. Under the scheme, buyers of e-trucks above 3.5 tonnes up to 55 tonnes will be eligible for incentives from Rs 2.7 lakh to a maximum of Rs 9.6 lakh. According to the ministry officials even new buyers of e-trucks can avail the scheme provided they buy scrapping certificates from the market. The certificate is provided by the registered vehicle scrapper. The eligibility of the certificate is checked. If the person is eligible, he can then add buyer details, vehicle details, and proceed with Aadhaar-based authentication. After that, an SMS is sent to the buyer, and the process can be initiated. The scheme is likely to support deployment of 5,600 e-trucks across the country. Out of those, 1100 e-trucks will be registered in Delhi.
