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EV Sales Surge After PM E-Drive Scheme Launch

Aditi Singh by Aditi Singh
December 9, 2024
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The electric vehicle (EV) market in India has had an unprecedented upsurge due to the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) initiative, which went into effect on October 1, 2024, and will run until March 31, 2026.

According to a PIB India post on X, the program aims to accelerate EV adoption, create a strong domestic EV manufacturing ecosystem, and construct a reliable charging infrastructure.

“Significant increase in sales of electric vehicles,” PIB India wrote on X. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme will be implemented from October 1, 2026, through March 31, 2026. The primary goals of this strategy are to accelerate the adoption of electric vehicles (EVs), establish a strong EV manufacturing ecosystem across the country, and supply the necessary charging infrastructure.

The impact of the scheme is evident, as evidenced by the record-breaking spike in EV sales, according to a magazine survey that PIB cited in its post. Data shows that complementary programs such PM E-DRIVE and the Electric Mobility Promotion Scheme (EMPS) helped boost sales of electric two-wheelers to 5,71,411 units in 2024–2025.

Additionally, 71,501 three-wheelers in the L5 category were sold during the same time period, while 1,164 electric three-wheelers, such as e-rickshaws and e-carts, were sold.

India is committed to ecologically friendly transportation, as evidenced by its aggressive net-zero objective by 2070 and its focused push for EV adoption.

Tags: charging infrastructureElectric Mobility Promotion SchemeElectric VehiclePIB IndiaPM Electric Drive Revolution in Innovative Vehicle EnhancementThree-wheelers
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