The PM E-DRIVE (Electric Drive Revolution in Innovative Vehicle Enhancement) scheme is the central government’s current EV incentive programme, launched in September 2024 to succeed FAME II. With a total outlay of ₹10,900 crore running through 2028, it is broader and more infrastructure-focused than its predecessor.
The key difference from FAME II is in priorities: FAME II cast a wider net including private passenger cars, while PM E-DRIVE deliberately shifts focus toward mass mobility — electric buses, three-wheelers, e-trucks, and e-ambulances — along with a dedicated ₹2,000 crore specifically for building 88,500 public charging stations across India.
For individual buyers, PM E-DRIVE still offers direct point-of-sale subsidies on electric two-wheelers and three-wheelers, with the subsidy applied automatically at the dealership via an Aadhaar-authenticated e-voucher system. Private four-wheelers, however, no longer receive central government purchase subsidies under PM E-DRIVE.
