India Extends EV Two-Wheeler Subsidy Under PM E-DRIVE Scheme to 2028
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India's government has extended the PM E-DRIVE scheme's purchase subsidy for electric two-wheelers by two years, through March 2028. The total budget was raised to ₹11,900 crore, covering vehicles priced up to ₹1.5 lakh ex-factory and targeting up to 4.58 million registered units. The incentive is set at ₹2,500 per kWh of battery capacity, capped at ₹5,000 per vehicle and never exceeding 15% of the vehicle's price.




