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The Indian government has launched the PM E-DRIVE scheme with a ₹10,900 crore outlay to promote electric vehicles and develop charging infrastructure.
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The scheme offers subsidies for various EV categories, including two- and three-wheelers, e-ambulances, and e-trucks.
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State governments are encouraged to provide additional incentives, such as road tax concessions and toll exemptions.
The Indian government has taken a significant step towards promoting electric vehicle adoption with the launch of the PM E-DRIVE scheme. This initiative aims to accelerate the country’s shift towards electric mobility, allocating ₹10,900 crore for the promotion of electric vehicles and development of charging infrastructure and manufacturing capabilities.
Beneficiaries of the PM E-DRIVE Scheme:
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Electric Bus Manufacturers: ₹4,391 crore allocated for electric buses, including inter-city models.
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Two-Wheeler Buyers: ₹1,772 crore allocated for subsidies, with financial support halved to ₹5,000 per vehicle by 2025-26.
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Three-Wheeler Buyers: Subsidies capped at ₹25,000 per vehicle.
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E-Ambulance and E-Truck Manufacturers: Eligible for subsidies under the scheme.
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Charging Infrastructure Developers: Grants available for building charging infrastructure and upgrading testing facilities.
The PM E-DRIVE scheme encourages state governments to offer additional incentives, such as road tax concessions, toll exemptions, and parking fee reductions. The scheme also introduces a Phased Manufacturing Programme to boost local production of EV components ¹.
Electric vehicle subsidies halved to ₹5,000 by 2025-26
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