What To Expect From The PM E-Drive Scheme: Exciting Subsidies For Electric Vehicles Ahead | Paisa Live

The government has launched a new subsidy scheme for electric vehicles (EVs) called the PM E-Drive Scheme. Initially, the government aims to spend ₹10,900 crores on this initiative. The primary objective of this scheme is to promote the rapid adoption of electric vehicles in India, enhance the establishment of charging infrastructure, and develop a robust ecosystem for EV manufacturing. By incentivizing consumers and manufacturers, the government hopes to accelerate the transition to cleaner and more sustainable transportation options. This strategic move is expected to not only boost the EV market but also contribute to reducing carbon emissions, aligning with India's broader environmental goals.