The Government of India has reported the utilisation of ₹2,017 crore under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme since its launch on 1 April 2024, according to a written reply by Minister of State for Heavy Industries, Shri Bhupathiraju Srinivasa Varma, in the Lok Sabha today.
The scheme, aimed at promoting electric mobility and innovative vehicle enhancement, has been extended until 31 March 2028. Officials cited the phased implementation strategy, milestone-based disbursement, and evolving readiness of certain EV segments as reasons for the under-utilisation of allocated funds. No EV charging stations have been installed under the scheme so far.
Segment-wise Fund Utilisation
1. Demand Incentives:
- e-2W: ₹1,259.91 crore utilised out of ₹1,772 crore.
- e-3W (e-rickshaw & e-carts): ₹6.7 crore utilised from ₹50 crore.
- e-3W (L5): ₹730.65 crore utilised out of ₹857 crore.
- e-ambulances & e-trucks: No expenditure reported yet.
2. Grants for Capital Assets:
- e-buses, EV Public Charging Stations, and Upgradation of Testing Agencies: No funds utilised to date.
3. Administrative Expenses:
- ₹19.74 crore spent from the allocated ₹50 crore.
The total outlay for the scheme is ₹10,900 crore, with ₹2,017 crore utilised as of 19 March 2026. The phased approach ensures that incentives are disbursed based on milestones and readiness of EV segments.
