Electric scooters lined up in front of a government building, symbolizing new EV policies.
The Indian government has revised its PM E-Drive scheme, setting stricter deadlines and capping incentives for electric two and three-wheelers, according to the Economictimes.indiatimes.com.
Under the updated scheme, electric two-wheelers registered by July 31, 2026, and electric three-wheelers registered by March 31, 2028, are eligible for incentives. The scheme also introduces price limits for vehicles to qualify for the incentives.
The PM E-Drive scheme has a total fund of Rs 10,900 crore. Support for electric three-wheelers has already reached its target, indicating strong initial adoption in that segment.
The move to tighten deadlines and cap incentives reflects the government’s effort to optimize the allocation of funds and accelerate the adoption of electric vehicles within specific timeframes. The policy adjustment could influence investment strategies and market dynamics in the electric vehicle sector, particularly for manufacturers of two and three-wheelers.
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