changeadminAs per the government data, more than 1 million electric 2-wheelers and 3-wheelers have been sold in the last 6 months under the PM E-DRIVE.
The total number of electric 2-wheelers sold is 9,05,639, and 3-wheelers is 1,21,401, with Maharashtra, Karnataka, Uttar Pradesh and Tamil Nadu contributing to almost half of the sales.
Interestingly, for most Indian states, electric 2-wheelers constitute more than 90% of the volume; it was only 63% for Uttar Pradesh.
Top 5 states based on the number of EVs sold under the PM E-DRIVE Scheme as on 31.03.2025
| State | electric 2-wheeler | electric 3-wheeler | Total |
|---|---|---|---|
| Mahrashtra | 1,70,413 | 6,842 | 1,77,255 |
| Karnataka | 1,00,901 | 6,343 | 1,07,244 |
| Uttar Pradesh | 67,384 | 39,062 | 1,06,446 |
| Tamil Nadu | 93,159 | 1,683 | 94,842 |
| Rajasthan | 58,638 | 2,450 | 61,088 |
| Others | 4,15,144 | 65,201 | 4,80,165 |
| Total | 9,05,639 | 1,21,401 | 10,27,040 |
In September 2024, India’s government announced the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme to promote electric mobility in the country. The financial allocation for the PM E-DRIVE scheme is Rs 10,900 cr (~US$1.2 bn) till 31st March 2026.
The scheme under the aegis of India’s Ministry of Heavy Industries has introduced e-vouchers for electric vehicle buyers to avail demand incentives under the PM E-DRIVE scheme.
Demand incentives of Rs 5,000 per kWh in FY 2024-25 and Rs 2,500 per kWh in FY 2025-26 are provided for e-2W and e-3W categories. These incentives are capped at 15 percent of the ex-factory price.
At the time of purchase of the EV, the PM E-DRIVE portal will generate an Aadhaar-authenticated e-Voucher for the buyer. This e-voucher will be signed by the buyer and submitted to the dealer to avail of the demand incentives under the scheme.
A total of 5,05,645 e-Vouchers have been generated and availed by EV customers under the PM E-DRIVE scheme, as on 31st March 2025.
It is estimated that the sale of 1.027 million EVs under the PM E-DRIVE scheme has led to a reduction of 230K tonnes of carbon emissions.
Add comment