India, Dec. 31 -- The Government of India has issued a release:
Segment
Target Nos.
EVs Sold
% Share
No. of OEMS registered under scheme
(A)
(B)
(C)
(D)
e-2W
24,79,120
18,40,007
74%
19
e-rickshaw & e-cart
39,034
5,267
13%
5
e-3W(L5)
2,88,809
2,88,508
100%
15
Total for above
28,06,963
21,23,782
76%
The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was notified on 29.09.2024 with an outlay of Rs.10,900 crore.
2. The aggressive targets set by the MHI for the e-3Ws (L5) segment have been met ( 2.88 lac units ) ahead of time and the incentivization under the scheme for e-3Ws (L5) has been closed post 26/12/2025.
3. EV penetration within the e-3Ws (L5) segment is now estimated at ~32%, aligning perfectly with the government's vision to establish a self-sustaining ecosystem.
4. As on 30/12/2025, a total of 21.24 lakh EVs have been sold under the PM E-DRIVE Scheme as detailed below:
No. of EVs Sold under the PM E-DRIVE Scheme as on 30.12.2025
5. Currently, e-2Ws have seen sales of 18,40,007 units against a target of nearly 24.79 lakh units. The incentive for e-2Ws and e-rickshaws/ e-carts under the Scheme shall continue up to 31/03/2026.
Disclaimer: Curated by HT Syndication.
