What is PM E-DRIVE EV Subsidy?
PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) replaced FAME-II from March 2024 with an outlay of Rs.10,900 crore till March 2026. It provides direct subsidies on purchase of electric 2-wheelers (up to Rs.10,000), electric 3-wheelers (up to Rs.50,000), electric buses (Rs.40 lakh+), e-ambulances, e-trucks, and electric public transport vehicles. Unlike FAME-II, PM E-DRIVE focuses on fleet electrification and public transport rather than personal vehicles. EV charging infrastructure rollout: 22,000+ public fast chargers funded.
PM E-DRIVE EV Subsidy — Quick Overview
| Scheme Name | PM E-DRIVE Scheme 2026 — EV Subsidy ₹500–₹1.5 Lakh | Electric 2W 3W Bus Ambulance |
| Launched By | Government of India |
| Launch Year | 2024 |
| Benefit | Direct purchase subsidy — e-2W: up to Rs.10,000; e-3W: up to Rs.50,000; e-ambulance, e-bus, e-truck: Rs.40 lakh+; 22,000 EV chargers across highways and cities |
| Category | Infrastructure |
| Last Verified | 15 May 2026 |
| Official Portal | https://heavyindustries.gov.in |
Benefits of PM E-DRIVE EV Subsidy
Direct purchase subsidy — e-2W: up to Rs.10,000; e-3W: up to Rs.50,000; e-ambulance, e-bus, e-truck: Rs.40 lakh+; 22,000 EV chargers across highways and cities
Who is Eligible for PM E-DRIVE EV Subsidy?
- ✓Electric 2-wheelers registered in India — individual buyers
- ✓Electric 3-wheelers (auto-rickshaws, e-carts) for commercial operators
- ✓State transport undertakings for electric buses
- ✓Hospitals and health institutions for e-ambulances
- ✓OEMs (manufacturers) must meet local content requirement
Documents Required for PM E-DRIVE EV Subsidy
How to Apply for PM E-DRIVE EV Subsidy Online?
- 1Buy an electric two-wheeler from an OEM meeting PM E-DRIVE's local content norms — subsidy applies at purchase, not via a separate application
- 2Dealer/OEM deducts the eligible subsidy (up to Rs.10,000 for e-2W, up to Rs.50,000 for e-3W) straight from the invoice price
- 3Give Aadhaar and bank account details to the dealer so the subsidy amount can be reconciled through DBT
- 4Complete vehicle registration in your name using the registration papers and the OEM purchase invoice
- 5Commercial e-3W buyers (auto-rickshaw/e-cart operators) route their subsidy claim through the same registered OEM/dealer
- 6State transport undertakings and hospitals apply separately via heavyindustries.gov.in for e-bus and e-ambulance allocations
- 7The 22,000+ public fast chargers are rolled out through government/OEM tenders — no citizen application needed for charging points
Official Government Portal
Applications go through heavyindustries.gov.in only. Applying is free of charge — no agent, middleman or "consultant" is ever required.
🔗Apply on heavyindustries.gov.in