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PM E-DRIVE scheme to run till Mar 31, 2028; electric two-wheeler incentive capped at Rs 5,000
In a strategic move to encourage electric vehicle usage, the government has prolonged the PM E-DRIVE Scheme until March 2028, though incentives for electric two-wheelers will be cut down to Rs 2,500 per kWh effective from April 1, 2025. The initiative carries a substantial funding of Rs 11,900 crore, focusing on both vehicle adoption and necessary infrastructure expansion.
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newsbytesapp.com
PM E-Drive subsidy for electric two-wheelers extended till FY28
The government has prolonged the PM E-Drive subsidy for electric two-wheelers to FY28 and increased funding by ₹1,000 crore, boosting support for sustainable mobility solutions.
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thehindubusinessline.com
Govt extends PM E-Drive scheme till FY28
The government extends the PM E-Drive scheme for electric two-wheelers until FY28, increasing funding support to ₹2,767 crore.
