Government Extends PM E-DRIVE Scheme by Two Years for Electric Vehicles

The government has extended the validity of the Rs 10,900-crore PM E-DRIVE Scheme to March 2028 for electric buses, e-ambulances, and e-trucks. The scheme will continue until the funds are exhausted, and specific categories have earlier deadlines. The extension aims to boost electric mobility in key sectors.

The government's decision to extend the PM E-DRIVE Scheme until March 2028 marks a significant step in advancing electric mobility.

This extension by two years targets electric buses, e-ambulances, and e-trucks, reinforcing efforts to reduce emissions and enhance air quality across India.

Saurabh Agarwal of EY India lauds this move as it strategically supports high-impact areas in public transport and essential services, potentially fostering a competitive environment among manufacturers.

(With inputs from agencies.)