\u20b92,500 per kWh of battery capacity<\/strong>,<\/a> subject to a maximum benefit of \u20b95,000 per vehicle.<\/p>\n\n\n\nThis means the actual benefit will depend on the battery capacity of the electric two-wheeler, although no eligible vehicle can receive more than the \u20b95,000 ceiling.<\/p>\n\n\n\n
The revised incentive is lower than the earlier rate of \u20b95,000 per kWh, which had a maximum benefit of \u20b910,000 per vehicle during FY2024-25.<\/p>\n\n\n\n
PM E-DRIVE Outlay Increased To \u20b911,900 Crore<\/strong><\/p>\n\n\n\nThe government has also increased the overall financial outlay for the PM E-DRIVE scheme to \u20b911,900 crore<\/strong>.<\/p>\n\n\n\nThe additional funding will support electric vehicle adoption as well as the development of charging infrastructure and other elements of the EV ecosystem.<\/p>\n\n\n\n
The extension provides manufacturers and consumers with greater visibility over government support for electric mobility through March 2028.<\/p>\n\n\n\n
Maximum Eligible Vehicle Price Remains \u20b91.5 Lakh<\/strong><\/p>\n\n\n\nThe incentive is available for eligible electric two-wheelers with a maximum ex-factory price of \u20b91.5 lakh<\/strong>.<\/p>\n\n\n\nThis condition means the extended benefit is primarily targeted at relatively affordable electric scooters and motorcycles rather than premium models priced above the specified threshold.<\/p>\n\n\n\n
Support For Electric Buses And Trucks Also Planned<\/strong><\/p>\n\n\n\nThe government’s EV push is not limited to two-wheelers.<\/p>\n\n\n\n
Alongside the extension of incentives for electric two-wheelers, the government is developing a financing support mechanism intended to reduce borrowing costs for electric buses and trucks<\/strong>.<\/p>\n\n\n\nThe broader objective is to accelerate electrification across both personal and commercial transportation.<\/p>\n\n\n\n
EV Buyers Get More Time To Claim Incentives<\/strong><\/p>\n\n\n\nThe extension until March 2028 gives consumers more time to purchase eligible electric two-wheelers while receiving government support.<\/p>\n\n\n\n
Although the per-vehicle incentive has been reduced compared with the earlier structure, the continuation of the scheme provides a longer period of policy support for India’s electric two-wheeler market.<\/p>\n\n\n\n
The government is simultaneously focusing on charging infrastructure and commercial EV adoption, indicating that the PM E-DRIVE extension is part of a broader effort to expand India’s electric mobility ecosystem.<\/p>\n\n\n\n
Summary<\/p>\n\n\n\n
The government has extended PM E-DRIVE incentives for eligible electric two-wheelers until March 31, 2028. Buyers can receive \u20b92,500 per kWh of battery capacity, subject to a maximum benefit of \u20b95,000 per vehicle. The eligible vehicle price remains capped at \u20b91.5 lakh ex-factory. The overall PM E-DRIVE outlay has been increased to \u20b911,900 crore, while financing support for electric buses and trucks is also being developed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Electric Two-Wheeler Subsidy Extended Till 2028 The government has extended incentives for electric two-wheelers under the PM E-DRIVE scheme until March 31, 2028, giving buyers continued financial support for switching to electric mobility. Eligible electric two-wheelers will receive an incentive of up to \u20b95,000 per vehicle under the extended scheme. The move is aimed at […]<\/p>\n","protected":false},"author":30,"featured_media":1312774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[10393],"class_list":["post-1312763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-2-wheeler"],"acf":[],"yoast_head":"\n
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