TL;DR
The Indian government has extended subsidies for electric two-wheelers and three-wheelers under the revised PM E-DRIVE scheme to promote wider EV adoption.
The Indian government has revised the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, extending subsidies for electric two-wheelers until July 31, 2026, and for electric rickshaws and carts until March 31, 2028. This strategic move by the Ministry of Heavy Industries aims to bolster the adoption of electric mobility across the nation.
Under the revised scheme, electric two-wheelers are eligible for incentives with a maximum ex-factory price capped at ₹1.5 lakh, while electric three-wheelers (e-rickshaws and e-carts) have a cap of ₹2.5 lakh. The PM E-DRIVE scheme, originally launched in October 2024, was set to conclude on March 31, 2026, and its extension underscores the government's commitment to fostering a sustainable electric vehicle ecosystem. The initiative also encompasses demand incentives for other EV categories like e-ambulances and e-trucks, alongside grants for establishing charging station networks and upgrading testing agencies.
