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Govt to switch on massive subsidy to supercharge EV infrastructure
- Business Standard |
- Environment |
- 2025-01-05
- Electric Vehicles
- PM E-DRIVE Scheme
The central government, under the Rs 2,000 crore PM eDRIVE scheme, will subsidize up to 100% of infrastructure for electric public fast charging stations nationwide, focusing on 48,400 chargers for two- and three-wheelers with Rs 581 crore allocated.
Subsidy for Electric Public Fast Charging Stations
The central government is initiating the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM eDRIVE) scheme to promote electric vehicle infrastructure.
Subsidy Details
- Subsidy of 80% or higher for setting up electric public fast charging stations.
- In exceptional cases, the subsidy could increase to 100%.
- Part of a larger initiative under the Rs 2,000 crore PM eDRIVE scheme.
Target and Allocation
- Focus is on supporting the infrastructure for electric two-wheelers and three-wheelers.
- 48,400 fast chargers will be supported with a budget of Rs 581 crore.
- An additional 22,100 chargers planned for deployment.
This scheme replaces the previous Faster Adoption and Manufacturing of [Hybrid &] Electric Vehicles in India schemes.