Govt launches PM E-DRIVE subsidy scheme with Rs 10,900 crore outlay

The government launched the PM eDrive subsidy scheme with an outlay of Rs 10,900 crore to promote electric vehicle (EV) adoption across India. The initiative will support domestic EV manufacturers and incentivize consumers to switch to electric mobility. The scheme aims to address the financial challenges of high upfront EV costs by offering subsidies to buyers and helping create a sustainable EV ecosystem. This move aligns with India’s commitment to reducing carbon emissions and achieving its ambitious climate goals while boosting local manufacturing in the EV sector.