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  PM E-DRIVE scheme extended till 2028, EV subsidy cut for electric two-wheelers

  Business | Aug 11, 2026, 06:45 PM IST

  The government has extended the PM E-DRIVE scheme until March 31, 2028, with a total allocation of Rs 11,900 crore. However, the incentive for electric two-wheelers has been reduced from Rs 5,000 to Rs 2,500 per kWh, with the maximum benefit capped at Rs 5,000 per vehicle.

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  Modi govt approves Rs 10,900 crore PM E-Drive Scheme to boost mobility of EVs: Know its key facets

  Business | Sep 12, 2024, 07:41 AM IST

  The scheme addresses range anxiety of EV buyers by promoting in a big way the installation of electric vehicle public charging stations (EVPCS). The scheme also promotes mass mobility by supporting means of public transportation.