2 months ago
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The authorities has revised the PM Electric Drive Revolution successful Innovative Vehicle Enhancement (PM E-DRIVE) scheme to acceptable caller deadlines and portion caps for e-scooters and e-rickshaws.
The Centre has revised the guidelines nether the ₹10,900 crore PM E-DRIVE scheme, whereby electrical two-wheelers registered till July 31, 2026 and electrical three-wheelers (e-rickshaws and e-carts) registered till March 31, 2028, shall beryllium eligible for incentives.
The maximum ex-factory terms to avail an inducement is capped astatine ₹1.5 lakh for electrical two-wheelers and ₹2.5 lakh for electrical three-wheelers (e-rickshaws and e-carts).
The PM e-DRIVE strategy is simply a fund-limited scheme. The full payout nether the strategy shall beryllium constricted to the strategy outlay of ₹10,900 crore.
"In lawsuit the funds for the strategy oregon its applicable sub-components are exhausted anterior to the terminal day of the scheme, i.e. 31 March 2028, past the strategy oregon its applicable sub-components volition beryllium closed accordingly, i.e. nary further claims volition beryllium entertained," the Heavy Industries Ministry said successful a notification.
A terminal day nether a strategy refers to the last deadline oregon cut-off day by which a circumstantial enactment indispensable beryllium completed, oregon a beneficiary indispensable beryllium registered to go eligible for the scheme's benefits.
As the people for sub-component registered electrical three-wheelers (L5) has already been achieved, this conception was closed connected December 26, 2025.
Under PM e-DRIVE, the maximum fig of registered vehicles to beryllium supported has been capped astatine 24,79,120 for electrical two-wheelers and 39,034 for e-rickshaws and e-carts.
