FAME-II to PM E-DRIVE: India’s Evolving EV Subsidy Landscape
FAME-II to PM E-DRIVE: India’s evolving EV subsidy landscape. PM E-DRIVE delivered 3.4 times higher annual EV volumes with half the per-kWh subsidy, supported 26.59 lakh vehicles as of June 2026, and shifted the market mix toward electric two-wheelers. But charging infrastructure deployment has lagged, and adoption remains uneven across states. This data-driven analysis compares the two schemes, the CEEW findings, the state-level patterns, and what comes next.










