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

The government has announced a major update for people planning to buy electric vehicles in India as the PM E-DRIVE scheme has been extended until March 31, 2028. However, the incentive available on electric two-wheelers has been reduced, with the subsidy per kilowatt-hour (kWh) cut by half. With the revised rules now in place, prospective EV buyers need to understand how the new incentive structure will affect the benefits available to them.

11 Aug 2026 6:45 pm