India subsidised over 10 lakh electric two-wheelers in FY25 under the PM E-DRIVE scheme, supporting EV sales and green mobility.
Electric two-wheeler sales rose 21% to 11.49 lakh units, while electric three-wheeler sales jumped 57% to 1.59 lakh units.
The PM E-DRIVE scheme, launched in September 2024, has a budget of Rs 10,900 crore and runs until March 2026, including EMPS 2024 sales.
The scheme has saved 8.56 lakh litres of fuel daily and reduced CO2 emissions by 12.48 lakh kg daily, cutting pollution and boosting energy security.
Over 18 OEMs have applied under the PLI Auto Scheme, supporting EV manufacturing and industry growth.
Government policies, technology, and sustainability goals drive India’s e-mobility push, aligning with the Net Zero target by 2070.
Stay Ahead with EV Stocks. Ask the Analyst.
Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!
