PM E-DRIVE sanctions ₹689 crore for 6,562 EV chargers, with no spending yet
The Centre has approved ₹688.84 crore for 6,562 public EV charging stations under PM E-DRIVE, against a ₹2,000 crore earmark. No funds have been spent so far, signalling that rollout—and potential charging-led traffic at retail destinations—remains pending.
The Centre has sanctioned ₹688.84 crore for 6,562 EV charging stations under PM E-DRIVE, but has not spent any funds yet. The government expects installations to accelerate, while FAME-II utilised ₹898.37 crore of its ₹912.50 crore allocation.
Why this matters
No related recent PM E-DRIVE signals are available, making the charger approval the first observed signal in the current dataset. Deployment timing will determine when charging-led visits can affect retail destinations.
Retail-company signals are accelerating, up 1,001,900% QoQ.