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. **** TPJ (Release ID: 2244561) Visitor Counter : 692 Read this release in: Urdu , हिन्दी 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. **** TPJ (Release ID: 2244561) <span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">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 <strong>Annexure-I</strong>. &nbsp;The Scheme has been extended up to 31.03.2028. The<strong> </strong>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.</span></span></p> <p style="text-align:right"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong>Annexure-I</strong></span></span><br /> &nbsp;</p> <table align="center" border="1" bordercolor="#ccc" cellpadding="5" cellspacing="0" class="Table" style="border-collapse:collapse"> <tbody> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">Sl. No.</span></strong></span></span></p> </td> <td style="width:97.8pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">Segment /Component</span></strong></span></span></p> </td> <td style="width:80.85pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">Scheme outlay</span></strong></span></span></p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">(Rs.crore) </span></strong></span></span></p> </td> <td style="width:90.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">Actual Expenditure in scheme in FY 24-25</span></strong></span></span></p> </td> <td style="width:72.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">Expenditure in FY 25-26</span></strong></span></span></p> </td> <td style="width:103.5pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">Actual Expenditure under Scheme till 19.03.2026</span></strong></span></span></p> </td> </tr> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">(A)</span></strong></span></span></p> </td> <td colspan="5" style="width:444.15pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">Demand Incentive </span></strong></span></span></p> </td> </tr> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">1</span></span></span></p> </td> <td style="width:97.8pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">e-2W</span></span></span></p> </td> <td style="width:80.85pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">1,772</span></span></span></p> </td> <td style="width:90.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">667.39</span></span></span></p> </td> <td style="width:72.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">592.52</span></span></span></p> </td> <td style="width:103.5pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">1,259.91</span></span></span></p> </td> </tr> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">2</span></span></span></p> </td> <td style="width:97.8pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">e-3W (e-rickshaw &amp; e-carts)</span></span></span></p> </td> <td style="width:80.85pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">50</span></span></span></p> </td> <td style="width:90.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">2.93</span></span></span></p> </td> <td style="width:72.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">3.77</span></span></span></p> </td> <td style="width:103.5pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">6.7</span></span></span></p> </td> </tr> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">3</span></span></span></p> </td> <td style="width:97.8pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">e-3W (L5)</span></span></span></p> </td> <td style="width:80.85pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">857</span></span></span></p> </td> <td style="width:90.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">318.35</span></span></span></p> </td> <td style="width:72.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">412.30</span></span></span></p> </td> <td style="width:103.5pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">730.65</span></span></span></p> </td> </tr> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">4</span></span></span></p> </td> <td style="width:97.8pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">e-ambulances </span></span></span></p> </td> <td style="width:80.85pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">500</span></span></span></p> </td> <td style="width:90.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">0</span></span></span></p> </td> <td style="width:72.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">0.00</span></span></span></p> </td> <td style="width:103.5pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">0</span></span></span></p> </td> </tr> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">5</span></span></span></p> </td> <td style="width:97.8pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">e-trucks</span></span></span></p> </td> <td style="width:80.85pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">500</span></span></span></p> </td> <td style="width:90.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">0</span></span></span></p> </td> <td style="width:72.0pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">0.00</span></span></span></p> </td> <td style="width:103.5pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">0</span></span></span></p> </td> </tr> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">(B)</span></strong></span></span></p> </td> <td colspan="5" style="width:444.15pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong><span style="color:black">Grants for creation of capital assets </span></strong></span></span></p> </td> </tr> <tr> <td style="width:36.7pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">6</span></span></span></p> </td> <td style="width:97.8pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">e-buses </span></span></span></p> </td> <td style="width:80.85pt"> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">4,391</span></span></span></p> </