The Ministry of Heavy Industries (MHI) has amended the Prime Minister’s Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme. Under the amendment, the incentive for electric two-wheelers (e-2Ws) has been reduced to ₹2,500 per kilowatt-hour (kWh) (capped at ₹5,000 per vehicle) for the period from April 2025 to March 2028.
Notified in 2024, the PM E-DRIVE Scheme was initially launched for a 2-year period, with its implementation subsequently extended up to March 31, 2028. The scheme has a total financial outlay of ₹11,900 crore.