Centre Allocates Rs 1,500 Crore for PM E-DRIVE Scheme in Budget 2026
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Moneycontrol•01-02-2026, 14:05
Centre Allocates Rs 1,500 Crore for PM E-DRIVE Scheme in Budget 2026
- •The Centre has earmarked Rs 1,500 crore for the PM E-DRIVE scheme in the Union Budget for 2026–27 to support electric mobility.
- •The PM E-DRIVE scheme aims to accelerate the adoption of electric vehicles (EVs) and strengthen charging infrastructure.
- •Approved on September 11, 2024, with an outlay of Rs 10,900 crore for two years, the scheme offers Rs 3,679 crore in subsidies for battery-driven vehicles.
- •It provides 100% support for charging infrastructure at 88,500 sites, as stated by Information and Broadcasting Minister Ashwini Vaishnaw.
- •The scheme seeks to reduce emissions, decrease reliance on fossil fuels, and promote cleaner mobility across various vehicle segments.
Why It Matters: The Centre continues its push for electric mobility with a Rs 1,500 crore allocation for PM E-DRIVE in Budget 2026.
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