New Delhi: The Ministry of Heavy Industries said the PM E-DRIVE Scheme achieved its electric three-wheeler target ahead of schedule. As a result, the government closed incentives for the e-3W (L5) segment from December 26, 2025.
The PM Electric Drive Revolution in Innovative Vehicle Enhancement Scheme came into effect on September 29, 2024, with an outlay of ₹10,900 crore. Under the scheme, the ministry set a target of 2,88,809 electric three-wheelers in the L5 category. By December 30, 2025, manufacturers sold 2,88,508 units, thereby achieving nearly 100% of the target.
Meanwhile, officials estimated EV penetration in the e-3W (L5) segment at around 32%. Therefore, the ministry said the segment now aligns with the government’s goal of building a self-sustaining electric mobility ecosystem.
Overall, sales under the PM E-DRIVE Scheme reached 21,23,782 electric vehicles as of December 30, 2025. Consequently, this figure represents 76% of the combined target of 28,06,963 vehicles across segments.
PM E-DRIVE Scheme data highlights sharp contrast across EV segments
Electric two-wheelers dominated adoption under the PM E-DRIVE Scheme. Against a target of 24,79,120 units, companies sold 18,40,007 vehicles. As a result, e-2Ws contributed 74% of total EV sales, with 19 OEMs registered.
In contrast, the e-rickshaw and e-cart segment recorded slower progress. Sales stood at 5,267 units against a target of 39,034 units. Therefore, the segment achieved only 13% of its planned rollout, with five OEMs participating.
However, the e-3W (L5) segment delivered the strongest performance. With 15 OEMs registered, the category reached near-total target achievement ahead of time. Consequently, the ministry said the segment demonstrated strong market readiness and operator confidence.
At the same time, the ministry clarified that incentives for electric two-wheelers and e-rickshaws or e-carts will continue. These incentives will remain available until March 31, 2026, to accelerate adoption in slower-moving segments.
