Ministry of Heavy Industries
FUNDS UNDER PM E-DRIVE SCHEME
Posted On: 24 MAR 2026 5:16PM by PIB Delhi
The year-wise details of funds utilised against the allocated outlay under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme since its inception on 01.04.2024 is at Annexure-I. The Scheme has been extended up to 31.03.2028. The under utilisation of funds is primarily due to the phased implementation strategy, milestone-based disbursement mechanisms, evolving readiness of certain EV segments. No charging stations have been installed under the scheme so far.
Annexure-I
|
Sl. No. |
Segment /Component |
Scheme outlay (Rs.crore) |
Actual Expenditure in scheme in FY 24-25 |
Expenditure in FY 25-26 |
Actual Expenditure under Scheme till 19.03.2026 |
|
(A) |
Demand Incentive |
||||
|
1 |
e-2W |
1,772 |
667.39 |
592.52 |
1,259.91 |
|
2 |
e-3W (e-rickshaw & e-carts) |
50 |
2.93 |
3.77 |
6.7 |
|
3 |
e-3W (L5) |
857 |
318.35 |
412.30 |
730.65 |
|
4 |
e-ambulances |
500 |
0 |
0.00 |
0 |
|
5 |
e-trucks |
500 |
0 |
0.00 |
0 |
|
(B) |
Grants for creation of capital assets |
||||
|
6 |
e-buses |
4,391 |
0 |
0.00 |
0.00 |
|
7 |
EV Public Charging Station |
2,000 |
0 |
0.00 |
0.00 |
|
8 |
Upgradation of Testing Agencies |
780 |
0 |
0.00 |
0.00 |
|
(C) |
Admin Expenses |
50 |
4.36 |
15.38 |
19.74 |
|
Total (A)+(B)+(C) |
10,900 |
993.04 |
1,023.96 |
2,017.00 |
|
This information was given by the Minister of State for Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha.
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