{"id":1285373,"date":"2024-09-17T09:20:23","date_gmt":"2024-09-17T03:50:23","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1285373"},"modified":"2024-09-17T09:25:29","modified_gmt":"2024-09-17T03:55:29","slug":"rs-10000-subsidy-for-every-electric-2-wheeler-rs-50000-for-electirc-cars-till-march-2025","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/rs-10000-subsidy-for-every-electric-2-wheeler-rs-50000-for-electirc-cars-till-march-2025\/","title":{"rendered":"Rs 10,000 Subsidy For Every Electric 2-Wheeler, Rs 50,000 For Electirc Cars Till March, 2025"},"content":{"rendered":"\n<p>The Union Government has launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme to incentivize the purchase of electric vehicles (EVs) in India. Under this scheme, a subsidy of <a href=\"https:\/\/www.hindustantimes.com\/business\/new-pm-e-drive-scheme-offers-rs-rs-10-000-subsidy-for-ev-2-wheelers-and-rs-50-000-for-ev-3wheelers-101726220879228.html\">\u20b910,000<\/a> is provided for each electric two-wheeler and \u20b950,000 for electric three-wheelers until March 2025. The scheme aims to encourage EV adoption and expand market share for electric two- and three-wheelers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/09\/Untitled-design-2-1-1280x720-1-1024x576.jpeg\" alt=\"Rs 10,000 Subsidy For Every Electric 2-Wheeler, Rs 50,000 For Electirc Cars Till March, 2025\" class=\"wp-image-1285378\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/09\/Untitled-design-2-1-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/09\/Untitled-design-2-1-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/09\/Untitled-design-2-1-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/09\/Untitled-design-2-1-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Reducing Subsidies Post March 2025<\/strong><\/h4>\n\n\n\n<p>From April 2025, these subsidies will be reduced by half. For example, the subsidy for electric three-wheelers will decrease from \u20b950,000 to \u20b925,000. Despite this reduction, the scheme\u2019s goal is to achieve a 10% market share for electric two-wheelers and 15% for electric three-wheelers by March 2026. The Union Heavy Industries Minister, HD Kumaraswamy, stated that electric cars were excluded from the scheme as they already benefit from a lower 5% GST rate.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Focus on Emerging EVs and Infrastructure<\/strong><\/h4>\n\n\n\n<p>The PM E-DRIVE scheme focuses on various electric vehicles, including electric two-wheelers, three-wheelers, e-ambulances, and e-trucks. The government has allocated \u20b94,391 crore for purchasing 14,028 e-buses across nine major cities, with priority given to replacing old buses with new electric ones. Additionally, \u20b9500 crore has been set aside for incentivizing e-trucks and another \u20b9500 crore for deploying e-ambulances.<\/p>\n\n\n\n<p>To enhance EV infrastructure, the scheme proposes installing 22,100 fast chargers for electric four-wheelers and 48,400 fast chargers for two- and three-wheelers. A total of \u20b92,000 crore has been allocated for this purpose, while another \u20b9780 crore will go toward modernizing testing agencies.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Improved Subsidy Claim Process<\/strong><\/h4>\n\n\n\n<p>One key improvement in the PM E-DRIVE scheme is the introduction of e-vouchers. Buyers will receive Aadhaar-authenticated e-vouchers that can be submitted to dealers for availing the subsidy. This measure, alongside production conformity tests every six months, ensures transparency and prevents the misuse of subsidies seen in previous FAME schemes.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h4>\n\n\n\n<p>The PM E-DRIVE scheme marks a significant step toward improving India\u2019s EV ecosystem, addressing previous issues with subsidies, and enhancing infrastructure to reduce range anxiety for EV buyers.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Government has launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme to incentivize the purchase of electric vehicles (EVs) in India. Under this scheme, a subsidy of \u20b910,000 is provided for each electric two-wheeler and \u20b950,000 for electric three-wheelers until March 2025. The scheme aims to encourage EV adoption [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1285378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[124],"tags":[650,6110],"class_list":["post-1285373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-electric-cars","tag-subsidy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rs 10,000 Subsidy For Every Electric 2-Wheeler, Rs 50,000 For Electirc Cars Till March, 2025 - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/rs-10000-subsidy-for-every-electric-2-wheeler-rs-50000-for-electirc-cars-till-march-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rs 10,000 Subsidy For Every Electric 2-Wheeler, Rs 50,000 For Electirc Cars Till March, 2025 - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"The Union Government has launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme to incentivize the purchase of electric vehicles (EVs) in India. Under this scheme, a subsidy of \u20b910,000 is provided for each electric two-wheeler and \u20b950,000 for electric three-wheelers until March 2025. The scheme aims to encourage EV adoption [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/rs-10000-subsidy-for-every-electric-2-wheeler-rs-50000-for-electirc-cars-till-march-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-17T03:50:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-17T03:55:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/09\/Untitled-design-2-1-1280x720-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/rs-10000-subsidy-for-every-electric-2-wheeler-rs-50000-for-electirc-cars-till-march-2025\/\",\"url\":\"https:\/\/trak.in\/stories\/rs-10000-subsidy-for-every-electric-2-wheeler-rs-50000-for-electirc-cars-till-march-2025\/\",\"name\":\"Rs 10,000 Subsidy For Every Electric 2-Wheeler, Rs 50,000 For Electirc Cars Till March, 2025 - Trak.in - Indian Business of Tech, Mobile &amp; 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