NEW DELHI, 2nd April, 2025
The Government of India’s PM E Drive scheme, which has a total budget of Rs 10,000 crores, has distributed nearly Rs 422 crores in subsidies to electric two-wheelers across the country.
According to information provided by the Ministry of Heavy Industries, the scheme received a total of Rs 423.23 crores from April 1, 2024, to February 28, 2025.
The ongoing PM E-Drive scheme, which received cabinet approval in September 2024, has set aside Rs 4,391 crore to promote the purchase of electric buses in nine major metropolitan areas: New Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Pune, Surat, Bengaluru, and Hyderabad.
Currently, the outlay for the PM E Drive scheme includes approximately Rs 1,064 crores for electric two-wheelers and Rs 511 crores for electric three-wheelers in FY 25.
