If you're planning to buy an electric vehicle (EV), wait! There is a new government scheme you need to know about to save a significant amount of money. The video you provided details the PM E-Drive Scheme, a crucial initiative launched by the government of India.
This scheme offers substantial subsidies, but only if you follow the correct process and meet the eligibility criteria. This guide explains everything you need to know about the PM E-Drive Scheme.
1. What is the PM E-Drive Scheme?
The PM E-Drive Scheme was launched on October 1, 2024, with several key objectives aimed at accelerating EV adoption across the nation .
Key Objectives:
Promote EVs Across India: To encourage the widespread use of electric vehicles across the country .
Reduce Pollution: To significantly cut down on air pollution caused by conventional diesel and petrol vehicles .
Make EVs Affordable: To reduce the cost of electric vehicles, making them more accessible and affordable for the general public .
Support Domestic Manufacturing: To boost the domestic EV manufacturing sector .
2. PM E-Drive Subsidy Limits (Maximum)
The scheme offers varying maximum subsidies based on the type of vehicle.
| Vehicle Type | Maximum Subsidy Limit |
| Electric Two-Wheelers | ₹15,000 |
| Electric Three-Wheelers | Amount not clearly specified in the available transcript. |
| Electric Trucks | Up to ₹1.25 Crore |
| Electric Buses (E-Buses) | ₹15,000 per kWh or up to ₹35 Lakhs, or up to 20% of the total vehicle cost (whichever is applicable) |
3. Step-by-Step Application Process
The subsidy is applied instantly at the time of purchase through a simple six-step digital process:
Visit an Authorized Dealer: Select an EV model approved under the PM E-Drive scheme from an authorized dealership .
Dealer Applies on the Official Portal: The dealer will submit your application on the official portal:
PMEdriveheavyindustry.gov.in. They must submit vehicle details, customer Aadhaar details, and manufacturing details .Complete Aadhaar-Based e-KYC: You will receive an OTP on the mobile number linked to your Aadhaar card for e-KYC, or biometric verification may be done at the dealership .
Receive E-Voucher: Upon successful verification, you will receive a system-generated e-Voucher via SMS. This will include the voucher code, the subsidy amount, and the validity period .
Digitally Sign the E-Voucher: The voucher needs to be digitally signed .
Instant Discount: The approved subsidy amount will be instantly deducted from the total price of the vehicle, allowing you to pay the reduced price right away .
4. Eligibility and Exclusions
Not everyone qualifies for the subsidy. You must meet specific criteria and ensure your vehicle purchase does not fall under the exclusions.
Who is Eligible?
To successfully claim the subsidy, you must meet all the following conditions:
Indian Citizen: You must be a citizen of India .
Brand New EV: The subsidy is only applicable for the purchase of a brand new EV.
Approved Model: The vehicle model must be specifically approved and listed under the PM E-Drive scheme.
Linked Aadhaar: Your Aadhaar card must be linked with your mobile phone number .
RTO Registration: The EV must be registered with the RTO .
Authorized Dealer: The purchase must be made from an authorized dealership .
Who is NOT Eligible?
You will not receive the subsidy if you are purchasing any of the following:
Private electric cars .
Government-owned EVs .
Second-hand or re-registered EVs .
Vehicles purchased before October 1, 2024 .
Vehicles without a fixed battery .
Old EV models that are not listed as eligible under the PM E-Drive scheme .
Conclusion
The PM E-Drive Scheme is a significant government step towards making EVs more accessible and supporting a cleaner environment . By following the eligibility criteria and the correct application process, you can save a considerable amount on your next electric vehicle purchase . Make sure you understand all the details before you buy!
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