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Govt to switch on massive subsidy to supercharge EV infrastructure

06 Jan 2025
1 min

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.

Tags:
Electric Vehicles PM E-DRIVE Scheme

Articles Sources

https://www.business-standard.com/industry/auto/govt-to-give-80-subsidy-for-ev-fast-chargers-under-p
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