PM E-DRIVE Scheme (PM Electric Drive Revolution in Innovative Vehicle Enhancement)
Objective: Accelerate electric vehicle adoption and develop EV ecosystem in India. Budget: ₹10,900 crore. Originally notified Sep 29, 2024 for 2 years. Extended to 4 years (till Mar 31, 2028) on Aug 8, 2025. Key Features: - Subsidies worth ₹3,679 crore for e-2Ws, e-3Ws, e-ambulances, e-trucks - Supports: 24.79 lakh e-2Ws, 3.28 lakh e-3Ws, 14,028 e-buses - ₹4,391 crore for 14,028 e-buses - EV Charging: ₹2,000 crore for 22,100 fast chargers (e-4W), 1,800 (e-bus), 48,400 (e-2W/3W) - Incentive: ₹5,000/kWh for FY2024-25; ₹2,500/kWh for FY2025-26 - Extended timeline for e-trucks, e-buses (till 2028); e-2W/3W by Mar 2026 Ministry: Ministry of Heavy Industries
- PM E-DRIVE scheme by Ministry of Heavy Industries with ₹10,900 crore budget, originally notified Sep 29, 2024 for 2 years, extended to 4 years till Mar 31, 2028
- Subsidies worth ₹3,679 crore for e-2Ws, e-3Ws, e-ambulances, e-trucks; ₹4,391 crore for 14,028 e-buses
- EV charging infrastructure: ₹2,000 crore for 22,100 fast chargers (e-4W), 1,800 (e-bus), 48,400 (e-2W/3W)
- Incentive rates: ₹5,000/kWh for FY2024-25 and ₹2,500/kWh for FY2025-26
- Extended timeline for e-trucks and e-buses till 2028; e-2Ws till 31 July 2026; e-rickshaws/e-carts till 31 March 2028; e-3W (L5) closed after 26 Dec 2025; supports 24.79 lakh e-2Ws and 3.28 lakh e-3Ws
What is the PM E-DRIVE Scheme?
PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) aims to accelerate electric vehicle adoption and develop the EV ecosystem in India, under the Ministry of Heavy Industries. It was originally notified on Sep 29, 2024 for 2 years.
What is the budget and duration of the scheme?
The scheme has a budget of ₹10,900 crore. Originally for 2 years, it was extended to 4 years till Mar 31, 2028 on Aug 8, 2025.
How are electric vehicles supported under PM E-DRIVE?
Subsidies worth ₹3,679 crore support e-2Ws, e-3Ws, e-ambulances and e-trucks, with targets of 24.79 lakh e-2Ws, 3.28 lakh e-3Ws and 14,028 e-buses. A separate ₹4,391 crore is earmarked for 14,028 e-buses.
What are the incentive rates for electric two-wheelers?
The demand incentive is ₹5,000 per kWh for FY2024-25 and ₹2,500 per kWh for FY2025-26. The extended timeline covers e-trucks and e-buses till 2028 and e-2Ws till 31 July 2026, e-rickshaws/e-carts till 31 March 2028, and e-3W (L5) closed after 26 Dec 2025.
What is the EV charging support under the scheme?
₹2,000 crore is allocated for EV charging infrastructure, including 22,100 fast chargers for e-4Ws, 1,800 for e-buses and 48,400 for e-2W/3W.
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