The Economic Times

PM E-Drive reset: Centre tightens deadlines, caps incentives for electric two and three wheelers

New rules are in place for the PM E-DRIVE scheme. Electric two-wheelers registered by July 31, 2026, and electric three-wheelers by March 31, 2028, can get incentives. Price limits are set for vehicles to qualify. The scheme has a total fund of Rs 10,900 crore. Support for electric three-wheelers has already reached its target.