India Extends PM E-DRIVE Subsidy for Electric Vehicles Until 2028
Central govt extends PM E-DRIVE subsidy timeline for registered E2W, E3W till March 31, 2028
The Economic Times
Image: The Economic Times
The Indian government has extended the subsidy timeline for the PM E-DRIVE scheme, supporting registered electric two-wheelers and three-wheelers. Electric three-wheelers will now receive subsidies until March 31, 2028, while electric two-wheelers will be supported until July 31, 2026.
- 01Subsidy timeline for electric three-wheelers extended to March 31, 2028.
- 02Electric two-wheelers now eligible for subsidies until July 31, 2026.
- 03The PM E-DRIVE scheme aims to promote electric vehicle adoption.
- 04The initiative supports e-rickshaws and e-carts as part of the three-wheeler category.
- 05Revised guidelines reflect the government's commitment to sustainable transportation.
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The Union Ministry of Heavy Industries (MHI) in India has updated the guidelines for the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) subsidy scheme. This revision extends the subsidy timeline for registered electric three-wheelers (E3Ws), including e-rickshaws and e-carts, until March 31, 2028. Additionally, the subsidy for electric two-wheelers (E2Ws) has been extended to July 31, 2026. The PM E-DRIVE scheme is designed to encourage the adoption of electric vehicles in India, contributing to a greener transportation system and supporting the transition towards sustainable mobility.
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This extension allows consumers to benefit from subsidies when purchasing electric vehicles, making them more affordable and promoting cleaner transportation options.
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