PM E-DRIVE scheme supports 26.59 lakh EVs with ₹11,900-crore outlay running till March 2028

Key facts

• The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme had supported 26.59 lakh electric vehicles as of 30 June 2026, against an approximate target of 28.30 lakh EVs.
• PM E-DRIVE has a notified outlay of ₹11,900 crore and runs through 31 March 2028, subject to funds available for each component.
• Under the 10 August 2026 Ministry of Heavy Industries notification, eligible electric two-wheelers receive an incentive of ₹2,500 per kWh capped at ₹5,000 per vehicle, limited to the notified amount or 15% of the ex-factory price (whichever is lower), with a maximum ex-factory price of ₹1.5 lakh for the period 1 April 2025 to 31 March 2028.
• The scheme provides ₹2,000 crore for pan-India public charging stations and ₹4,391 crore for 14,028 electric buses, of which 13,800 buses are allocated across seven cities.
• The registered electric three-wheeler L5 component had reached its target and was closed on 26 December 2025.
• Private electric cars are not listed among the PM E-DRIVE demand-incentive categories, which cover selected electric two-wheelers and three-wheelers, e-ambulances, e-trucks and e-buses.
• The last date for submitting claims to the Ministry or programme implementation agency is 31 December 2027.