The government extends incentives for eligible electric two-wheelers under the PM E-DRIVE scheme, pushing the programme’s deadline to March 31, 2028. NDTV and the Free Press Journal report that the incentive framework is revised for electric two-wheelers, while the scheme’s end date and claim timelines are aligned across categories.
Free Press Journal says incentives for electric two-wheelers are cut by 50% in the revised framework, with the per-unit support reduced to Rs 2,500 per kWh from an earlier Rs 5,000 per kWh. It also reports the maximum incentive per vehicle is capped at Rs 5,000 (down from Rs 10,000 in FY25). The revised support applies to electric two-wheelers with an ex-factory price up to Rs 1.5 lakh, and is also limited to 15% of the ex-factory price (whichever is lower between electric two- and three-wheelers). The Ministry of Finance additionally sanctions Rs 1,000 crore for electric two-wheelers, according to NDTV, as EV adoption increases.
The reporting also notes that PM E-DRIVE runs on a fund-availability basis under a total allocation of Rs 11,900 crore, with discontinued components if funds are exhausted and no payments after March 31, 2028. Free Press Journal also states final claim submissions are due by December 31, 2027.
