New Delhi, Dec. 17 -- PM EDRIVE delivered 1.13 million EVs with half the subsidy per vehicle compared to FAME II, according to a new study by the Council on Energy, Environment and Water (CEEW). The report highlighted that the government now gives less subsidy to buyers, but the sales numbers went up significantly. The PM EDRIVE scheme offers an incentive of INR 5,000 per kilowatt-hour, which is exactly half of the INR 10,000 offered under the previous FAME II scheme. Despite this reduction, the annual vehicle sales volume is much higher now.

The data shows that PM EDRIVE achieved an annualised volume of 1.13 million vehicles, while FAME II managed 0.33 million. This represents a huge jump in how many people buy electric vehicles. The to...