Media
PM E-DRIVE Scheme: Electric Vehicle Sales Soar
- November 05, 2024
Source: Press Information Bureau
The ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE)’ Scheme, recently approved by the Cabinet with a financial outlay of INR 10,900 crore, came into effect on October 1, 2024, and will remain in force until March 31, 2026. The primary goal of the scheme is to accelerate the adoption of electric vehicles (EVs), develop essential charging infrastructure, and establish a robust EV manufacturing ecosystem across the country. Under this scheme, electric vehicle sales have already seen a record surge, reflecting the growing momentum of EV adoption.
Cabinet approves PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs10,900 crore over a period of two years
- September 11, 2024
Source: Press Information Bureau
The Union Cabinet has approved the proposal of Ministry of Heavy Industries (MHI) for implementation of scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme' for promotion of electric mobility in the country. The scheme aims to enhance vehicle testing infrastructure with dedicating fund of Rs 780 crore for developing testing agencies.
Bureau of Indian Standards introduces two new standards to enhance safety and quality of electric vehicles in India
- June 22, 2024
Source: Press Information Bureau
The Bureau of Indian Standards (BIS) has introduced two new standards, IS 18590: 2024 and IS 18606: 2024, aimed at enhancing the safety of electric vehicles in the L, M, and N categories. These standards focus on the critical component of electric vehicles—the powertrain—ensuring it meets stringent safety requirements. Additionally, they emphasize the safety and performance of batteries, ensuring they are both powerful and secure.
New IEA online tool compares lifecycle emissions from traditional and electric cars
- June 05, 2024
Source: IEA
The IEA has released a new interactive tool that allows users to explore the greenhouse gas emissions of passenger cars with different powertrains – battery electric, conventional and plug-in hybrid. The calculator takes into account the entire lifecycle of the cars – from raw materials and mining to production and end-use – to provide a precise estimate of the direct and indirect emissions of different types of vehicles.
Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024
- March 13, 2024
Source: Press Information Bureau
Electric Mobility Promotion Scheme 2024 (EMPS 2024) scheme is being introduced by Ministry of Heavy Industries, Government of India with the approval of Department of Expenditure, Ministry of Finance to further accelerate the adoption of EVs in the country. This is a fund limited scheme with a total outlay of INR 500 crore for the period of 4 months -- 1 April 2024 till 31 July 2024 -- for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.
Government announces an ambitious plan to bolster the electric vehicle (EV) ecosystem
- February 01, 2024
Source: Press Information Bureau
In a transformative move towards sustainable transportation, Union Minister for Finance & Corporate Affairs, Ms Nirmala Sitharaman announced an ambitious plan to bolster the electric vehicle (EV) ecosystem while presenting the Interim Budget 2024-25 in Parliament today. This strategic initiative focuses on both manufacturing and charging infrastructure, aiming to fortify and broaden the landscape for electric vehicles.
Total 5,04,012 electric vehicles registered in last 2 years in the months of June to December
- December 19, 2023
Source: Press Information Bureau
In order to increase the sale of electric vehicles (EVs) in the country, steps taken by the Government include Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India), Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry, National Programme on Advanced Chemistry Cells (ACC) Battery Storage, reduction in GST, and other such initiatives.
Decarbonization of transport sector essential to reduce GHG emissions, achieve net-zero emissions by 2070: Union Environment Minister Shri Bhupender Yadav
- December 09, 2023
Source: Press Information Bureau
Decarbonization of the transport sector is essential to reduce the Greenhouse Gas (GHG) emissions and to meet the ambitious target of achieving net-zero emissions by 2070 set by Government of India, Union Minister for Environment, Forest and Climate Change, Mr Bhupender Yadav said. The Minister was speaking at a side event on India- US “Payment Security Mechanism (PSM)” for e buses in India. To achieve the goal of net zero emissions, the adoption of electric vehicles (EVs) plays a crucial role and given that buses serve the mass public, prioritizing electric buses is essential as a significant mode for decarbonizing the transport sector, the Minister went on to add.
Steps taken by the Government to boost domestic manufacturing of electric vehicles and to reduce the country’s dependence on imports
- December 05, 2023
Source: Press Information Bureau
Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain with a budgetary outlay of INR 25,938 crores over a period of five years.
Subsidy amounting to INR 5,228 crore given to electric vehicle manufactures on sale of 11,53,079 electric vehicles till December 1, 2023
- December 05, 2023
Source: Press Information Bureau
The Ministry of Heavy Industries (MHI) formulated Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme for a period of five years commencing from April 1, 2019 with a total budgetary support of INR 10,000 crore. Further, MHI sanctioned 6862 electric buses to various cities/STUs/State Government entities for intracity operations. Out of 6862 e-buses, 3487 e-buses have been supplied to STUs as on November 29, 2023.