PM E-Drive Scheme Extended Till March 2028 with ₹10,900 Crore Outlay
The Ministry of Heavy Industries has officially extended the PM E-Drive Scheme until March 2028, reaffirming its commitment to accelerating India’s shift toward sustainable mobility. The scheme will continue to operate with a total financial outlay of ₹10,900 crore, ensuring long-term policy stability for the electric vehicle (EV) sector.
Under the revised framework:
- E-2W & E-3W Subsidies: Financial incentives for electric two-wheelers and three-wheelers will be available until March 2026, promoting adoption among urban commuters and commercial fleet operators.
- Commercial Vehicle Support: Subsidies for electric buses, trucks, and related charging infrastructure will remain active until March 2028, enabling cleaner public and goods transport.
- Infrastructure Push: Continued support for nationwide charging and battery-swapping facilities will help strengthen the EV ecosystem and reduce range anxiety.
The extension comes at a crucial time, as India’s EV market is witnessing rapid adoption. By providing a predictable policy roadmap, the government aims to encourage manufacturers to invest confidently in technology, localisation, and production capacity.
Industry experts believe this move will further reduce upfront costs, create green jobs, and accelerate the shift toward net-zero transportation goals. With incentives across multiple EV categories and a focus on infrastructure, the PM E-Drive Scheme is set to play a pivotal role in shaping India’s clean mobility future.
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