India implements multiple schemes to strengthen EV manufacturing, battery storage, and charging infrastructure nationwide.
The government is actively incentivising electric vehicle (EV) manufacturers, component producers, and charging infrastructure developers to accelerate EV adoption in India. Several key initiatives have been introduced to enhance the sector’s long-term viability and growth.
The Production Linked Incentive (PLI) Scheme for Automobiles & Auto Components, launched in September 2021, allocates ₹25,938 crore to boost advanced automotive technology (AAT) manufacturing. The FAME India Phase-II scheme, operational since April 2019, provides ₹11,500 crore for electric two-wheelers, three-wheelers, four-wheelers, and public charging stations.
Additionally, the PLI Scheme for Advanced Chemistry Cell (ACC) Battery Storage earmarks ₹18,100 crore to build a 50 GWh domestic battery manufacturing ecosystem. The PM E-DRIVE Scheme, with ₹10,900 crore, supports electric trucks, buses, and ambulances.
The PM e-Bus Sewa-Payment Security Mechanism (PSM) Scheme, launched in October 2024, funds ₹34,333 crore for deploying 38,000 e-buses. The SPMEPCI Scheme, announced in March 2024, promotes electric passenger car production with an investment threshold of ₹4,150 crore. These initiatives reinforce India’s commitment to an efficient and sustainable EV ecosystem.
Source: PIB
