National Current Affairs
Government Extends PM E-DRIVE Scheme Till March 2028
- 01 Apr 2026
- 2 min read
Why in News?
The Government of India has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme till March 2028, citing slow utilisation of allocated funds and the need to accelerate electric vehicle adoption.
Key Points
- Extension: The Centre has extended the tenure of the PM E-DRIVE Scheme until 31st March 2028.
- The subsidy for electric two-wheelers (e-2Ws) has been extended until 31st July 2026, while incentives for electric three-wheelers such as e-rickshaws and e-carts will continue until 31st March 2028.
- Reason: The government stated that slow fund utilisation occurred due to phased implementation, milestone-based fund release, and evolving readiness of EV segments.
- Objective: The scheme aims to accelerate the adoption of electric vehicles (EVs) and support the development of EV infrastructure across India.
- Launch: The PM E-DRIVE scheme was launched in 2024 by the Ministry of Heavy Industries to promote sustainable and green mobility
- Financial Outlay: The scheme has a total outlay of ₹10,900 crore, aimed at providing incentives for EV purchase and infrastructure development.
- Eligible Vehicle Categories: Incentives under the scheme cover electric two-wheelers, electric three-wheelers, e-buses, e-trucks, e-ambulances, and EV charging infrastructure.
| Read More: PM E-DRIVE Scheme |
