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:
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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