♦ The Union Government has launched the PM Electric Drive (E-DRIVE) scheme, with an 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 EMPS-2024 (Electric Mobility Promotion Scheme) being implemented for the period April 1, 2024 to September 30, 2024 is being subsumed under the PM E-DRIVE scheme.

♦ The overall budget of Rs 10,900 crore will be spread over two years, with Rs 5,047 crore allocated for FY 2024-25 and Rs 5,853 crore for FY 2025-26. The government aims to support the procurement of over 14,000 e-buses, establish 2,000 charging stations, and upgrade EV testing infrastructure across the country.