Overview

• India extended the PM E-Drive scheme by two years to March 31, 2028 with a fixed budget of ₹10,900 crore.
• Subsidies for registered electric two-wheelers, e-rickshaws, e-carts and L5 category three-wheelers will end on March 31, 2026.
• Incentives for electric buses and heavy trucks remain in place until March 2028 or until their allocated funds run out.
• A ₹500 crore incentive launched in July under the PM-Drive programme supports deployment of 5,600 heavy-duty e-trucks over 3.5 tonnes.
• Heavy-duty trucks account for just 3% of India’s vehicle fleet but generate over 34% of transport CO2 emissions and more than half of particulate pollution.