EconomyGS3-Environment And Biodiversity
PM E-DRIVE Scheme: Electric Vehicle Sales Soar.
The PM E-DRIVE scheme, effective from October 1, 2024, aims to boost electric vehicle adoption, infrastructure, and manufacturing; EV sales have surged.
November 6, 2024
Key Points
- 1The PM E-DRIVE Scheme came into effect on October 1, 2024, with a financial outlay of Rs. 10,900 crore.
- 2The primary goal is to accelerate EV adoption and develop charging infrastructure.
- 3Electric two-wheelers (e-2W) sales have surged to 5,71,411 units in 2024-25.
- 4Sales of electric three-wheelers (e-3W) reached 1,164 units, while electric three-wheelers in the L5 category hit 71, 501 units.
- 5The scheme offers upfront incentives for EV purchases.
- 6The demand incentive is proposed at Rs. 5,000 per kWh for e-2Ws/e-3Ws registered in FY 2024-25 and Rs. 2,500 per kWh for FY 2025-26.
- 7The Ministry of Heavy Industries is introducing e-Vouchers for EV customers.
Important Terms
PM E-DRIVE SchemeElectric VehiclesIncentivesCharging InfrastructureEV Sales
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Last Updated: 6/9/2025