PM E-Drive Scheme

GOVERNMENT OF INDIA MINISTRY OF HEAVY INDUSTRIES RAJYA SABHA UNSTARRED QUESTION NO. 3912 ANSWERED ON 27.03.2026 PM E-DRIVE SCHEME 3912. SHRI PRAKASH CHIK BARAIK: Will the Minister of Heavy Industries be pleased to state: (a) the reasons for the approximately 68 per cent underutilisation of funds under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, the details thereof; (b) the funds allocated and utilised under PM E-DRIVE since inception of the scheme, year- wise details; and (c) the target and the actual number of charging stations set up under the scheme since its inception, year-wise details? ANSWER THE MINISTER OF STATE FOR HEAVY INDUSTRIES (SHRI BHUPATHIRAJU SRINIVASA VARMA) (a): The PM E-DRIVE scheme has been extended up to 31.03.2028. The underutilisation of funds is primarily due to the phased implementation strategy, milestone-based disbursement mechanisms, evolving readiness of certain EV segments. (b): The year-wise details of funds utilised against the allocated outlay under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme since its inception on 01.04.2024 is as under:- Scheme Scheme Expenditure in Expenditure in FY outlay scheme in FY 2024-25 2025-26 till 23.03.2026 PM E-DRIVE 10,900 993.04 1,051.71 (c): No charging stations have been installed under the scheme so far. ********