What’s in the news?

• The Union Cabinet has approved the proposal of the 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.
• Subsidies/Demand incentives worth Rs.3,679 crore have been provided to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs. The scheme will support 24.79 lakh e-2Ws, 3.16 lakh e-3Ws, and 14,028 e-buses.
• The scheme promotes mass mobility by supporting means of public transportation.  The primary objective of the PM E-DRIVE scheme is to expedite the adoption of EVs by providing upfront incentives for their purchase, as well as by facilitating the establishment of essential charging infrastructure for EVs. 

https://pib.gov.in/PressReleasePage.aspx?PRID=2053889