PM E-DRIVE SCHEME AND PROMOTION OF ELECTRIC MOBILITY

India, July 28 -- The Government of India has issued a release:

Category

FY 2024-25

FY 2025-26 to FY 2027-28

e-2W

Rs.5,000 / kWh, capped at Rs.10,000 per vehicle*

Rs.2,500 / kWh, capped at Rs.5,000 per vehicle (up to 31.07.2026)*

e-3W (registered e-rickshaws & e-carts)

Rs.5,000 / kWh, capped at Rs.25,000 per vehicle*

Rs.2,500 / kWh, capped at Rs.12,500 per vehicle*

e-3W (L5)

Rs.5,000 / kWh, capped at Rs.50,000 per vehicle (up to 07.11.2024)*

Rs.2,500 / kWh, capped at Rs.25,000 per vehicle (08.11.2024 to 26.12.2025)*

Category

FY 2024-25

FY 2025-26 to FY 2027-28

* The incentive for e-2W/ e-3W is further capped at 15% of ex-factory price.

e-truck

-

Rs.5,000 / kWh, capped at 10% of ex-factory price (excl. trailer)#

# The in...