Govt Revises PM E-DRIVE’s Subsidy Timelines For E2Ws, E3Ws

by · Inc42

SUMMARY

  • The Ministry of Heavy Industries (MHI) has revised the guidelines under the PM E-DRIVE initiative, extending subsidy timelines and increasing targets for electric vehicles, particularly electric two- and three-wheelers
  • According to an official notification, E2Ws registered till July 31, 2026, will be eligible for incentives, while E3Ws will continue to receive subsidies till March 31, 2028
  • Subsidies will be linked to battery capacity, with E2Ws eligible for up to ₹5,000 per kWh, capped at ₹10,000 per vehicle