New Delhi, Aug. 8 -- The government has extended the Rs.10,900-crore PM E-Drive scheme by two fiscal years, until 2027-28, as a large portion of the scheme's corpus remains unused.

About half of the scheme's funds, allocated to ease the upfront cost of more than 14,000 electric buses, more than 5,600 electric trucks, and over 72,000 electric vehicle public charging stations, have remained unused.

Initiated in October 2024 after subsuming the Electric Mobility Promotion Scheme (EMPS), it was set to run until the end of 2025-26. It will now end once its full corpus is exhausted, according to the ministry of heavy industries' 7 August gazette notification.

However, incentives for electric two- and three-wheelers will be discontinued from ...