PM E-DRIVE Scheme
Architecture and Objectives
PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) is a centrally funded scheme approved by the Cabinet in September 2024 under the Ministry of Heavy Industries, with a total outlay of ₹10,900 crore over two years. It replaces the earlier FAME (Faster Adoption and Manufacturing of Electric Vehicles) scheme and represents the government's updated EV promotion framework. Unlike FAME, which offered demand-side subsidies directly to buyers, PM E-DRIVE channels support through institutional procurement (e-buses for state transport undertakings) and public charging infrastructure development.
- Total outlay: ₹10,900 crore (FY25 to FY28 after tenure extension)
- E-bus component: ₹4,391 crore for 14,028 buses across 9 cities
- EV charging infrastructure: ₹2,000 crore for public chargers (2-wheelers, 3-wheelers, trucks)
- Implementing agency: Ministry of Heavy Industries; demand aggregator: CESL
- Successor to FAME-II scheme (which ended in March 2024)
● Tracked since March 19, 2026 · last seen August 11, 2026 · updates as the daily brief publishes
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