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PM E-DRIVE delivers 1.13 mn vehicles
Business Standard
|December 17, 2025
The PME-DRIVE scheme delivered 1.13 million electric vehicles in its first year while offering half the per-vehicle subsidy compared to FAME-II, signalling a decisive shift from market activation to system-wide consolidation, said a study by the Council on Energy, Environment and Water (CEEW)’s Green Finance Centre on Tuesday.
Despite halving the per-unit demand incentive to %5,000 per kWh, PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) enabled 3.4 times higher annual EV volumes than FAME-II (Faster Adoption and Manufacturing of Electric Vehicles in India Phase II). This rapid growth with fewer subsidies also shows that India’s EV space is maturing, resilient and ready for long-term integration into the economy.
Diese Geschichte stammt aus der December 17, 2025-Ausgabe von Business Standard.
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