TL;DR
India's PM E-DRIVE scheme has driven 26.59 lakh EV sales by June 2026, exceeding 94% of its target, with extended support until March 2028 for mass mobility and charging infrastructure.
India's PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme has significantly accelerated the country's electric vehicle (EV) transition, supporting the sale of 26.59 lakh EVs by June 2026. This achievement represents approximately 94% of its initial target, reached well before the extended deadline of March 31, 2028. The scheme, launched in October 2024 with an outlay of ₹11,900 crore, focuses on mass mobility, public transport, and domestic manufacturing, offering a pathway to self-reliant clean mobility.
The PM E-DRIVE scheme provides targeted incentives, particularly for electric two-wheelers, which receive ₹2,500 per kWh of battery capacity, capped at ₹5,000 per vehicle, for models priced up to ₹1.5 lakh ex-factory. This strategic approach aims to benefit commuters and delivery riders rather than luxury buyers. Additionally, ₹4,391 crore has been allocated for 14,028 electric buses, with 13,800 designated for seven major cities by August 2026, directly addressing urban pollution.
The scheme also emphasizes the development of charging infrastructure, with ₹2,000 crore dedicated to public charging stations. This comprehensive strategy is designed to ensure that India's clean mobility goals are met sustainably, avoiding the fiscal challenges and policy inconsistencies seen in some other global markets.
