PM E-DRIVE meets e-3W (L5) target of 2.88 lakh units ahead of time
The Ministry of Heavy Industries said on 31 December 2025 that the PM E-DRIVE target of 2.88 lakh electric three-wheelers (L5) was met ahead of time, closing incentives for the segment after 26 December 2025.
Summary
The Ministry of Heavy Industries said on 31 December 2025 that the PM E-DRIVE scheme's target of 2.88 lakh electric three-wheelers in the L5 category has been met ahead of time, and incentives for the segment closed after 26 December 2025. EV penetration in the e-3W (L5) segment is now estimated at about 32%. PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) was notified on 29 September 2024 with an outlay of ₹10,900 crore, and 21.24 lakh EVs had been sold under it by 30 December 2025.
Key facts
- Target met
- 2.88 lakh e-3Ws (L5), ahead of time
- Incentive
- Closed for e-3W (L5) after 26 December 2025
- Penetration
- ~32% in e-3W (L5) segment
- Scheme
- PM E-DRIVE, notified 29 September 2024; outlay ₹10,900 crore
- EVs sold
- 21.24 lakh (as on 30 December 2025)
Practice MCQs 2 questions
What is the outlay of the PM E-DRIVE scheme, whose e-3W (L5) target was achieved in December 2025?
Show answer
Correct answer: A — ₹10,900 crore
PIB (Heavy Industries): PM E-DRIVE was notified on 29 September 2024 with an outlay of ₹10,900 crore.
What is the estimated EV penetration in the e-3W (L5) segment, as stated by the Ministry of Heavy Industries in December 2025?
Show answer
Correct answer: B — About 32%
PIB (Heavy Industries): EV penetration within the e-3W (L5) segment is now estimated at ~32%.