Government Extends PM E-DRIVE Scheme by Two Years for Electric Vehicles
The government has extended the validity of the Rs 10,900-crore PM E-DRIVE Scheme to March 2028 for electric buses, e-ambulances, and e-trucks. The scheme will continue until the funds are exhausted, and specific categories have earlier deadlines. The extension aims to boost electric mobility in key sectors.
- Country:
- India
The government's decision to extend the PM E-DRIVE Scheme until March 2028 marks a significant step in advancing electric mobility.
This extension by two years targets electric buses, e-ambulances, and e-trucks, reinforcing efforts to reduce emissions and enhance air quality across India.
Saurabh Agarwal of EY India lauds this move as it strategically supports high-impact areas in public transport and essential services, potentially fostering a competitive environment among manufacturers.
(With inputs from agencies.)
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