Budget 2026: India’s EV Revolution Gets a ₹1,500 Crore Fuel—What’s in It for You?

Indian electric scooter owner charging his EV at a public charging lane with PM E-Drive subsidy update 2026 banner in the background

Introduction The Union Budget 2026 has delivered a clear and strategic message: India is shifting from short-term electric vehicle discounts to long-term ecosystem building. Presented on February 1, 2026, by Finance Minister Nirmala Sitharaman, the budget announced a ₹1,500 crore allocation for the PM E-Drive (PM Electric Drive Revolution in Innovative Vehicle Enhancement) scheme for … Read more