India's PM E-DRIVE scheme records 26.59 lakh EV sales against 28.30 lakh target with ₹11,900 crore outlay extended to March 2028
By Eve
India's PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme has supported 26.59 lakh electric vehicle sales as of June 2026, approaching its incentive backed target of around 28.30 lakh EVs. Launched in September 2024 and implemented from October 2024, the scheme has been extended from its original two year term until March 31, 2028, with a total outlay of ₹11,900 crore covering demand incentives and infrastructure support across e-2 wheelers, e-3 wheelers (including registered e-rickshaws, e-carts and L5 vehicles), e-ambulances, e-trucks, e-buses, public charging infrastructure and vehicle testing agency upgrades.
Why it matters
The scheme's extension to 2028 signals sustained government commitment to EV infrastructure rollout, creating a predictable pipeline for charging point operators and equipment suppliers across multiple vehicle segments. With registered e-2 wheelers receiving ₹2,500 per kWh (capped at ₹5,000 per vehicle) and broader coverage including commercial fleets, the programme shapes near term demand for public and depot charging installations nationwide.
Source
- Original title
- “PM E-DRIVE accelerates India’s electric mobility push with 26.59 lakh EV sales, ₹11,900-crore outlay”
- Published
- 1 October 2026
- Updated
- 4 October 2026
- Also covered by
- Google News
In this story
- Topic
- Electric Vehicles
- Place
- India
- Tag
- PM E-DRIVE
Related news
Tesla enables bidirectional charging for new Model 3 and Model Y orders in US with Powerwall 3
Tesla has extended its PowerShare home backup feature to new Model 3 and Model Y vehicles ordered from 1 October 2026 onwards in the US and Puerto Rico, previously available only on the Cybertruck. The capability requires a Powerwall 3 home battery and compatible charger, with Tesla stating the setup can extend home backup by over two days using the vehicle's battery.
Why it matters
This marks a significant expansion of vehicle to home charging infrastructure in the residential market, potentially driving demand for integrated Tesla energy systems. For charging point operators and installers, it signals growing competition from OEM controlled bidirectional solutions that bypass third party hardware.
Proton captures 50% of Malaysia's September 2026 EV market as registrations fall 31.7%
Malaysia registered 6,029 battery electric vehicles in September 2026, down 31.7% from August's 8,833 units, with Proton accounting for 3,016 registrations or 50% of the market, according to road transport department data reported on 11 October 2026. Proton's e.MAS 5 recorded 2,490 units and the e.MAS 7 added 526, bringing the carmaker's year to date total to 24,857 units. Tesla held second place with 703 units, down 39.7%, followed by BYD with 615 units, up 7.7%, and Zeekr in fourth with 445 units, up 12.7%.
Why it matters
The 50% market share held by a single domestic manufacturer signals potential concentration in Malaysia's charging infrastructure demand, with implications for network planning and site selection. The 31.7% month on month decline in overall registrations may affect near term charging deployment schedules and utilisation forecasts for operators in the market.
GM US EV sales fall 62% year on year to 25,473 units in Q3 2026 after federal tax credit ended
General Motors delivered 25,473 all electric vehicles in the United States in Q3 2026, down 62% from 66,501 units in Q3 2025, according to the company's latest quarterly report. The sharp decline follows the end of the $7,500 federal tax credit in Q3 2025, which had driven record sales in that period. The Q3 2026 figures provide a 12 month view of the market impact since the incentive was withdrawn.
Why it matters
The collapse in GM EV volumes after the tax credit lapsed signals weaker near term demand for public and workplace charging infrastructure tied to these models. Fleet and site host procurement decisions may need to account for lower utilisation if OEM sales remain subdued without federal purchase incentives.