TL;DR
India's PM E-DRIVE Scheme continues to incentivize domestic EV manufacturing and sales across various segments, supporting charging infrastructure and local component production.
The Indian government, through the Ministry of Heavy Industries, has reiterated its commitment to boosting domestic electric vehicle manufacturing with updates to the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme. This scheme, notified in September 2024, aims to incentivize the sale of various electric vehicles, including two-wheelers, three-wheelers, ambulances, trucks, and buses.
The PM E-DRIVE Scheme has an outlay of ₹10,900 crore over four years (April 2024 to March 2028), with specific terminal dates for e-2Ws and e-3Ws (March 2026). It also supports the development of charging infrastructure and mandates domestic manufacturing of specified EV components under its Phased Manufacturing Programme (PMP), alongside promoting advanced battery technology.
