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The Economic Times
The Economic Times

PM E-DRIVE scheme to run till Mar 31, 2028; electric two-wheeler incentive capped at Rs 5,000

Scheme the Ministry of Heavy Industries

New Delhi: The government has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme till March 31, 2028, and the incentives for electric two-wheelers (e2Ws) have been halved to Rs 2,500 per kWh from Rs 5,000 per kWh earlier.

In a notification issued late on Monday, the Ministry of Heavy Industries said registered electric two-wheelers can avail an incentive of Rs 2,500 per kWh, capped at Rs 5,000 per vehicle, for the period between April 1, 2025, and March 31, 2028.

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