The Economic Times

Centre extends e2w subsidies under PM E-DRIVE till March 2028, boosts outlay to Rs 11,900 crore

Government subsidies for electric two-wheelers will continue until March 2028. The PM E-DRIVE scheme now has an additional 1,000 crore allocated. Electric two-wheeler sales have already surpassed initial program targets. Electric three-wheelers no longer require these government incentives. Electric buses received the largest subsidy allocation under the PM E-DRIVE scheme.