| Category | Details |
|---|---|
| Scheme Name | PM E-DRIVE (Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement) |
| Extension | Extended until March 2028, but subsidies for electric two-wheelers and three-wheelers end on March 31, 2026. |
| Launch Date | October 1, 2024 |
| Total Budget | ₹10,900 crore |
| Demand Incentives | ₹3,679 crore for electric two-wheelers, three-wheelers, ambulances, and trucks. |
| Infrastructure Focus | ₹7,171 crore for electric buses, public charging stations, and testing facilities. |
| Subsidy Adjustments | - Two-wheelers: Reduced from ₹5,000/kWh (max ₹10,000/vehicle) to ₹2,500/kWh (April 2025).- Trucks: ₹5,000/kWh or 10% of ex-factory price (whichever lower, introduced July 2025). |
| EV Targets (by 2028) | - 24.79 lakh electric two-wheelers- 3.16 lakh electric three-wheelers- 14,028 electric buses/trucks- 88,500 EV charging points. |
| Charging Infrastructure | ₹2,000 crore allocated for:- 22,100 fast chargers (four-wheelers)- 1,800 bus chargers- 48,400 two/three-wheeler chargers. |
| Fund-Limited Scheme | Disbursements capped at ₹10,900 crore; may end early if funds exhausted before March 2028. |
| Policy Shift | Subsidies withdrawn for two/three-wheelers post-March 2026 due to 10% EV market penetration; focus shifts to buses, trucks, and charging infrastructure. |
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