PM E-DRIVE lifts EV sales, but charging and battery capacity lag scheme goals
PM E-DRIVE has incentivised 23.23 lakh electric two- and three-wheelers, with 83% of its two-wheeler target reached. However, public-charger approvals, e-bus deployment and domestic battery manufacturing remain materially behind the programme’s planned rollout.
PM E-DRIVE has subsidised 23.23 lakh electric two- and three-wheelers, lifting EV adoption, but e-bus deployment, public charging rollout and domestic battery capacity remain well behind scheme targets.
Why this matters
It follows signals on 23.23 lakh EV incentives with lagging rollout, ₹688.84 crore approved for 6,562 public chargers, and ₹689 crore sanctioned with no spending.
Retail-brand signals are accelerating at +92300% QoQ.