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Under the PM E-DRIVE Scheme (₹10,900 crore outlay, notified 29.09.2024), 23,22,878 EVs have been incentivised with ₹2,281.94 crore reimbursed to OEMs, as on 22.07.2026; EV penetration has risen from 0.7% (FY2019-20) to 8.2% (FY2025-26).
Its predecessor, FAME-II (2019-2024, ₹11,500 crore outlay), supported about 16.72 lakh EVs and deployed 5,197 e-buses; the PLI-Auto Scheme (₹25,938 crore, approved 23.09.2021) has attracted ₹44,326 crore investment and generated 67,820 jobs.
The PLI Scheme for ACC Battery Storage (₹18,100 crore, 50 GWh target) has awarded 40 GWh capacity to four firms and established a 1.4 GWh Giga-scale plant; a new Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (₹7,280 crore, 6,000 MTPA target) had its RFP published 20 March 2026.
Under PM E-DRIVE, ₹2,000 crore is earmarked for EV public charging stations (6,562 chargers approved so far) and 14,000 e-buses have been allocated across seven metro cities and Jammu & Kashmir.
Faster EV adoption, charging infrastructure, and a domestic EV manufacturing ecosystem
Key: ₹10,900 crore outlay; 23,22,878 EVs incentivised, ₹2,281.94 crore reimbursed (as on 22.07.2026); ₹2,000 crore for EVPCS (6,562 chargers approved); 14,000 e-buses allocated (13,800 LoCQ issued)
Predecessor demand-incentive scheme for e-2W/3W/4W and e-buses/EVPCS
Key: Implemented 2019-2024, ₹11,500 crore outlay; ~16.72 lakh EVs supported; 5,197 e-buses deployed (as on 30.06.2026); ₹912.50 crore for EVPCS
Boost domestic manufacturing of Advanced Automotive Technology products including EVs
Key: ₹25,938 crore outlay, approved 23.09.2021; minimum 50% Domestic Value Addition required; ₹44,326 crore investment (against a ₹42,500 crore target), 67,820 jobs (till 31.03.2026)
Establish a competitive domestic ACC battery manufacturing ecosystem
Key: ₹18,100 crore outlay, 50 GWh target; 40 GWh awarded to 4 firms; 1.4 GWh Giga-scale plant established; ₹5,180 crore investment, 1,277 jobs (till 31.05.2026)
Build domestic REPM manufacturing to reduce import dependence
Key: ₹7,280 crore outlay; target 6,000 MTPA; RFP published 20.03.2026
Provide payment security to e-bus operators against Public Transport Authority defaults
Key: Notified 28.10.2024; ₹3,435.33 crore outlay; supports deployment of 38,000+ e-buses
Administers PM E-DRIVE, FAME-II, PLI-Auto, ACC PLI and the REPM scheme
Notified 22 August 2022 by MoEFCC; governs environmentally sound handling of EV/ACC battery waste
| Aspect | FAME-II (2019-2024) | PM E-DRIVE (2024-2028) |
|---|---|---|
| Outlay | ₹11,500 crore | ₹10,900 crore |
| EVs supported | ~16.72 lakh | 23,22,878 (as on 22.07.2026) |
| e-buses deployed/allocated | 5,197 deployed | 14,000 allocated |
| EVPCS allocation | ₹912.50 crore | ₹2,000 crore |
GS Paper 3 > Economy > Manufacturing & Electric Mobility Incentives
Recurring — EV scheme progress figures updated most Parliament sessions
PM Electric Drive Revolution in Innovative Vehicle Enhancement Scheme — ₹10,900 crore EV incentive and infrastructure scheme, 2024-2028
Domestic Value Addition — the minimum proportion of a product's value that must be domestically manufactured to qualify under a PLI scheme