TL;DR
India extends PM E-DRIVE subsidies for electric two-wheelers until July 2026 and for electric three-wheelers until March 2028 to boost EV adoption.
The Indian government, through the Ministry of Heavy Industries, has extended the subsidies under the PM E-DRIVE scheme for electric two-wheelers until July 2026. Support for electric rickshaws and e-carts under the same scheme has been prolonged until March 2028. This move aims to maintain the growth momentum in electric vehicle adoption, particularly within the two- and three-wheeler segments, which are crucial for India's EV transition.
The revised guidelines ensure that electric two-wheelers registered until July 31, 2026, and electric three-wheelers registered until March 31, 2028, will remain eligible for government incentives. The scheme, with an outlay of Rs 10,900 crore, targets supporting approximately 24.79 lakh electric two-wheelers and 39,034 e-rickshaws and e-carts. The maximum ex-factory price for eligibility is capped at Rs 1.5 lakh for electric two-wheelers and Rs 2.5 lakh for electric three-wheelers, reflecting a strategic approach to boost market adoption.
