India Revises PM EDRIVE Timelines for EV Two- and Three-Wheelers

The Indian government has revised the guidelines for the PM Electric Drive Revolution in Innovative Vehicle Enhancement Scheme, known as PM EDRIVE, to introduce separate eligibility timelines for electric two-wheelers and three-wheelers, aiming to tailor support to varying market adoption rates in the electric vehicle sector.

Under the updated framework, announced by the Ministry of Heavy Industries, electric two-wheelers registered until July 31, 2026, will qualify for incentives of 2,500 rupees per kilowatt-hour, capped at 5,000 rupees per vehicle. Vehicles priced up to 1.5 lakh rupees ex-factory are eligible, with the scheme targeting support for 24.79 lakh units at an outlay of 1,772 crore rupees. For electric three-wheelers, including e-rickshaws and e-carts, incentives will continue for registrations until March 31, 2028, with a price cap of 2.5 lakh rupees ex-factory and a target of 39,034 units. The overall scheme, with a total budget of 10,900 crore rupees, remains fund-limited, meaning disbursements will cease once funds are exhausted, regardless of the deadlines.

Launched on October 1, 2024, the PM EDRIVE initiative seeks to promote widespread electric mobility...