TL;DR
The Indian government is reviewing five major EV schemes, including PLI for auto components and battery storage, and PM Electric Drive Revolution, with substantial outlays to boost domestic manufacturing, charging infrastructure, and adoption across vehicle segments.
The Ministry of Heavy Industries is actively reviewing five major schemes aimed at boosting electric mobility and domestic EV manufacturing in India. These initiatives include the Production Linked Incentive (PLI) Scheme for Automobiles and Auto Components, with an outlay of ₹25,938 crore, and the PLI Scheme for Advanced Chemistry Cell Battery Storage, allocated ₹18,100 crore.
Further reinforcing the government's commitment, the PM Electric Drive Revolution in Innovative Vehicle Enhancement scheme, launched in September 2024 with a budget of ₹10,900 crore, provides support for various electric vehicles, including two-wheelers, three-wheelers, trucks, buses, and ambulances. This scheme also allocates funding for public charging infrastructure and the expansion of testing facilities.
Additionally, the PM e-Bus Sewa-Payment Security Mechanism scheme, with a budget of ₹3,435.33 crore, supports the deployment of over 38,000 electric buses by providing payment assurance to operators. To encourage domestic production of electric passenger cars, a dedicated scheme was notified in March 2024, emphasizing the government's multi-pronged approach to accelerate India's transition to electric mobility.
