Government Launches PM E-DRIVE Scheme to Boost Electric Vehicle Innovation

New Delhi: The electric vehicle (EV) adoption in the country received a boost as the total EV registrations reached 1.59 lakh units in September, up from 1.29 lakh units in September last year.

According to the government’s VAHAN data, EV registrations saw a significant 23% increase year-on-year. In the first half of the current fiscal year, EV volumes increased by 20% compared with the same period last year.

Total EV registrations across all segments rose to 8.93 lakh units compared with 7.45 lakh units in the same period last year.

Meanwhile, the government launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme which has a financial outlay of Rs 10,900 crore over two years. The PM-Drive scheme was approved by the Union Cabinet, chaired by Prime Minister Narendra Modi, on September 11 to promote electric mobility in the country.

The PM E-DRIVE scheme will play a pivotal role in accelerating EV adoption and building critical charging infrastructure nationwide, contributing to a cleaner and more sustainable future.