Business Standard

Sunday, January 05, 2025 | 11:52 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Govt to switch on massive subsidy to supercharge EV infrastructure

Subsidy to support 72,300 fast charging stations across the country

EV, ELECTRIC VEHICLE
Premium

Surajeet Das Gupta New Delhi

Listen to This Article

The central government will provide an 80 per cent or higher subsidy (which could increase to 100 per cent in exceptional cases) on the upstream infrastructure required to set up electric public fast charging stations across the country under the Rs 2,000 crore PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM eDRIVE) scheme (which replaced the Faster Adoption and Manufacturing of [Hybrid &] Electric Vehicles in India schemes). 
According to draft guidelines from the Ministry of Heavy Industries (MHI), the subsidy will support 48,400 fast chargers for electric two- and three-wheelers (with Rs 581 crore earmarked), 22,100 for electric

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in