India Extends Electric Two-Wheeler Subsidy Program to 2028
The Ministry of Heavy Industries has prolonged the PM E-DRIVE scheme's application deadline and increased its total budget to 119 billion rupees, with most new funds directed at electric two-wheelers.
The Ministry of Heavy Industries has prolonged the PM E-DRIVE scheme's application deadline and increased its total budget to 119 billion rupees, with most new funds directed at electric two-wheelers.
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India has extended the deadline for claiming subsidies on electric two-wheelers under the PM E-DRIVE scheme. The Ministry of Heavy Industries announced the new terminal date is March 31, 2028, contingent on available funding.
Concurrently, the government has significantly increased the scheme's total financial outlay. The budget has been raised to 119 billion rupees, equivalent to approximately 1.1 billion euros.
Almost all of the newly allocated funding is specifically earmarked for the electric two-wheeler segment. This move underscores a continued policy push to accelerate the adoption of electric vehicles in this popular category.
The extension and budget boost, reported by electrive.com, are designed to provide longer-term certainty for manufacturers and consumers, supporting India's broader electric vehicle transition.
FAQ
What is the new deadline for the PM E-DRIVE subsidy?
The deadline to obtain a subsidy for an electric two-wheeler under the scheme is now March 31, 2028, subject to funding availability.
How much has the scheme's budget been increased?
The total outlay for the PM E-DRIVE scheme has been increased to 119 billion rupees, or about 1.1 billion euros.
