Gazette notifies extension of PM E-Drive by 2 years till March 2028
The scheme was kicked off from October 1, 2024 has an outlay of ₹10,900 crore
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ANI
The Centre on Friday has extended the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) Scheme by two years to March 2028, from the earlier deadline of March 2026.
Through a Gazette notification, it has also clarified that the scheme’s ₹10,900-crore outlay will remain the same and there will be no additional disbursements.
businessline on August 3, had written that PM E-Drive scheme is going to be extended till March 2028, with no additional outlay, as per the Ministry of Finance’s communication to the Ministry of Heavy Industries (MHI).
The scheme was kicked off from October 1, 2024, and was supposed to go on till March 2026.
“The PM E-Drive Scheme, with an outlay of ₹10,900 crore, shall be implemented from October 1, 2024 to March 31, 2028, for faster adoption of electric vehicles (EVs), setting up of charging infrastructure and development of EV manufacturing eco-system in the country,” the Gazette notification said.
It further said that in case the funds for the scheme or its relevant sub-components are exhausted prior to the terminal date (March 31, 2028), then it will be closed accordingly, meaning no further claims will be entertained.
“However, the terminal date for registered electric two-wheeler (e-2W), registered e-rickshaws and e-cart and registered e-3W (L5) shall be March 31, 2026,” it added.
On August 3, this newspaper had quoted sources saying that the MHI was seeking this extension because some segments like e-Trucks and e-Ambulances, will take more time to be rolled out and the funds can be utilised in some other segments that are quickly coming out in the market.
The MHI’s letter dated July 11, 2025, said that “very few” e-Trucks are being manufactured and the condition of the phased manufacturing plan (PMP) will be slow. For e-Buses too, ₹4,391 crore for 14,028 buses was approved and operators have to order manufacturing after being selected, and therefore the target can be achieved only after deployment, which would take over 6 to 18 months, the sources had said.
Published on August 8, 2025
