The number of registered electric vehicles (EVs) in India has increased over the past six financial years, according to data from the Vahan Portal shared by the Ministry of Heavy Industries in Parliament.
EV registrations reached to 1.74 lakh units in FY2019-20, which then slightly declined to 1.43 lakh in FY2020-21 and then increased to 4.59 lakh in FY2021-22. Registrations rose further to 11.83 lakh in FY2022-23, 16.81 lakh in FY2023-24 and 19.68 lakh in FY2024-25.
Government Schemes for EV Manufacturing
The Ministry of Heavy Industries has introduced several schemes to support local manufacturing and improve the electric vehicle supply chain.
One of the main initiatives is the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components, approved in September 2021 with a budget of ₹25,938 crore. The scheme aims to support the manufacturing of advanced automotive technology products in India and increase domestic value addition in the sector.
Battery Manufacturing Programme
The government has also launched a PLI scheme for Advanced Chemistry Cell (ACC) battery storage, with a financial outlay of ₹18,100 crore. The programme targets the establishment of 50 GWh of battery manufacturing capacity in India.
Battery production is considered an important component in the development of the electric vehicle ecosystem.
PM E-DRIVE Scheme
The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme was notified in September 2024 with a budget of ₹10,900 crore for a four-year period.
The scheme supports the adoption of electric two-wheelers, three-wheelers, ambulances, trucks, and buses. It also includes provisions for charging infrastructure and upgrades to vehicle testing facilities.
Electric Passenger Car Manufacturing Policy
The Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SPMEPCI) requires companies to invest at least ₹4,150 crore and meet specified domestic value addition targets to establish manufacturing in the country.
