Context: The Union Cabinet approved a new scheme PM E-DRIVE to promote electric vehicles in India.
PM E-DRIVE:
oIt will subsidise electric two wheelers, three wheelers, and buses. Hybrid ambulances and electric trucks will also be aided under it.
oThe scheme does not cover incentives for e-cars. It has also excluded hybrid cars contrary to expectations.
oThe govt will offer e-vouchers for EV buyers to avail demand incentives under the scheme. At the time of purchase of the EV, the scheme portal will generate an Aadhaar-authenticated e-Voucher for the buyer.
oAt present, the majority of buses operated by PTAs run on diesel/CNG, causing adverse environmental impact.
PM-eBus Sewa-Payment Security Mechanism (PSM) Scheme
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