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Date: 26-Nov-2024 Category: Extra Ordinary State: Union Government Country: India

PM Electric Drive Revolution in Innovative Vehicle Enhancement PM E DRIVE Scheme

Issued by Ministry of Heavy Industries · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification provides a partial modification to the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, specifically amending the incentive structure for electric three-wheelers (e-3W) of L5 category.
  • The amendment revises the per kWh incentive amount and clarifies the maximum incentive amount per vehicle and the overall financial outlay.

Key Changes

  • The incentive for registered e-3W (L5 category) on the Vahan portal is revised from a single incentive amount to a per kWh incentive.
  • For vehicles registered between April 1, 2024 and November 7, 2024, the incentive is INR 5,000 per kWh, capped at INR 50,000 per vehicle.
  • For vehicles registered from November 8, 2024 to March 31, 2026, the incentive is INR 2,500 per kWh, capped at INR 25,000 per vehicle.
  • The incentive will be limited to the specified per kWh amount or 15% of the ex-factory price of the e-3W, whichever is lower.
  • The total fund allocated for this scheme remains at INR 715 crore, which includes the outlay for EMPS-2024.
  • The incentive per kWh is subject to review based on reduction in vehicle cost and will be notified accordingly.

Impact Analysis

Electric Three-Wheeler Manufacturers

  • Action Item: Review current pricing and cost structure to align with the revised incentive scheme. Engage with the Ministry of Heavy Industries for clarity on future reviews.

Consumers

  • Action Item: Educate consumers about the revised incentive scheme and provide transparent pricing information.

Government

  • Action Item: Monitor the sales data and feedback from stakeholders to evaluate the effectiveness of the revised scheme. Conduct regular reviews of the incentive structure.

Vahan Portal

  • Action Item: Update the Vahan portal to accommodate the new incentive structure and ensure accurate calculation of incentives.

Key Entities Referenced

Ministry of Heavy Industries: The government ministry responsible for the PM E-DRIVE scheme and its amendments. PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme: The government scheme to promote the adoption of electric vehicles. S.O. 4259(E): The original gazette notification dated 29th September, 2024, that introduced the PM E-DRIVE scheme, which has been partially modified by this notification. EMPS-2024: A related scheme whose outlay is included within the PM E-DRIVE scheme's budget. Vahan portal: The government's vehicle registration portal where vehicles are registered.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-26112024-258926 CG-DxLx-xEG-I2D6H1x1x2x0 24-258926 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 4672] नई दिल्ली, मगं लवार, नवम्ब र 26, 2024/अग्रहायण 5, 1946 No. 4672] NEW DELHI, TUESDAY, NOVEMBER 26, 2024/AGRAHAYANA 5, 1946 भारी उद्योग मत्रं ालय अजधसचू ना नई दिल् ली, 25 नवम् बर, 2024 का.आ. 5062(अ).— पीएम इलजे ररक ड्राइव ररवॉल्यिू न इन इनोवरे िव व्हीकल एनहासं मिें (पीएम ई-ड्राइव) स्ट्कीम 1. पीएम इलेजररक ड्राइव ररवॉल्यिू न इन इनोवेरिव व्हीकल एनहांसमेंि (पीएम ई-ड्राइव) स्ट्कीम (जिसे भारी उद्योग मंत्रालय द्वारा का.आ. 4259 (अ),दिनांक 29 जसतंबर,2024 के माध्यम से अजधसूजचत दकया गया था) के आंजिक आिोधन में, 08 नवम्बर,2024 से जनम्ांदकत संिोधन दकए िाते ह ैं - 2. का.आ. 4259 (अ), दिनांक 29 जसतंबर,2024 के सलं ग्नक IV के क्रम सं. 3 को जनम्ानुसार संिोजधत माना िाएगा : क्र. स.ं वाहन खडं सहायता प्रिान दकए िान ेवाल े वाहनों के जलए आर्थकि प्रोत्साहन*1 आर्थकि भारी वाहनों की अजधकतम सख्ं या प्रोत्साहन प्राप्त उद्योग करन ेके जलए मत्रं ालय स े अजधकतम कुल जनजध एरस-फैररी सहायता मल्ू य 7616 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 01 अप्रैल,2024 08 01 8 नवबं र,2024 स े (करोड़ स े7 नवंबर,2024 अप्रैल,2024 स े 31 माच,ि2026 रूपए म)ें नवंबर,2024 स े31 7 नवबं र, तक वाहन पोििल तक वाहन पोििल माच,ि2026 2024 तक पर पिं ीकृत वाहन पर पिं ीकृत तक वाहन वाहन पोििल वाहन पोििल पर पर पिं ीकृत पिं ीकृत वाहन वाहन 3 पंिीकृत ई- 80,546 1,24,846 5,000 रूपए 2,500 5 लाख रुपए 715*2 जतपजहया L5 /दकलोवाि घंिे रुपए/दकलोवाि घंिे जिसकी जिसकी अजधकतम अजधकतम सीमा प्रजत वाहन सीमा प्रजत 25,000 रुपए वाहन 50,000 होगी रूपए होगी *1 तथाजप, प्रजत दकलोवाि घंिे की आर्थिक प्रोत्साहन की प्रस्ट्ताजवत राजि वाहन लागत म ें कमी के अनुसार समीक्षा के अध्यधीन होगी और तिनुसार समय-समय पर अजधसूजचत की िाएगी। आर्थिक प्रोत्साहन ऊपर यथाजवजनर्ििष्ट अनुसार अथवा ई-िपु जहए/ई-जतपजहए के एरस-फैररी मूल्य के 15 प्रजतित (िो भी कम हो) तक सीजमत होगी। *2 ईएमपीएस-2024 के अंतगित पररव्यय पीएम ई-ड्राइव के पररव्यय म ें समाजहत ह।ै [फा. स.ं 1(1)/2024 -एइआई(28077)] डॉ. हनीफ़ कुरैिी, अपर सजचव MINISTRY OF HEAVY INDUSTRIES NOTIFICATION New Delhi, the 25th November, 2024 S.O. 5062(E).—PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme 1. In partial modification of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E- DRIVE) Scheme which was notified by the Ministry of Heavy Industries vide S.O.4259(E) dated 29th September, 2024, the following amendments are made with effect from 8th November 2024. 2. Sl. No. 3 of the Annexure IV of S.O.4259(E) dated 29th September, 2024 shall stand amended as under: Sr. Vehicle Maximum number of Incentive for vehicles*1 Maximum Total No. Segment vehicles to be supported Ex-factory fund price to support avail from incentive MHI Vehicles Vehicles Vehicles Vehicles (Rs. registered on registered registered registered on crore) Vahan portal on Vahan on Vahan Vahan portal from 1st April portal from portal from from 8th 2024 to 7th 8th 1st April November 2024 November November 2024 to 7th to 31st March 2024 2024 to 31st November 2026 March 2026 2024 3 Registered e- 80,546 1,24,846 Rs.5,000 Rs.2,500/kWh Rs.5 lakh 715*2[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 3 wheelers /kWh capped at L5 capped at Rs.25,000 per Rs.50,000 vehicle per vehicle *1 The proposed amount of incentive per kWh is, however, subject to review as per the reduction in vehicle cost and would be notified accordingly from time to time. The incentive shall be limited to as specified above or 15% of ex-factory price of e-2W/ e-3W, whichever is lower. *2 The outlay under EMPS-2024 is subsumed within the outlay under PM E-DRIVE. [F. No. 1(1)/2024-AEI(28077)] Dr. HANIF QURESHI, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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