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Centre extends PM E-Drive by 2 years as funds lie unused
Mint Kolkata
|August 09, 2025
The ₹10,900-cr programme is part of a wider EV push, alongside GST cuts and the ₹25,938-crore PLI-auto scheme
The central government extended the ₹10,900-crore PM E-Drive subsidy scheme by two financial years, until 2027-28, as a large portion of the scheme's corpus remains unused.
About half of the scheme's funds, meant to ease upfront cost of over 14,000 electric buses, 5,600 electric trucks, and 72,000 public EV charging stations, remain unused.
Launched in October 2024, after subsuming the Electric Mobility Promotion Scheme (EMPS), it was set to run until the end of 2025-26. It will now end once its entire corpus is exhausted, according to the ministry of heavy industries' 7 August gazette notification.
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