New Delhi: The Centre has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme for electric two-wheelers till March 31, 2028, and the incentives for the segment have been halved to Rs 2,500 per kWh from Rs 5,000 per kWh earlier. The PM E-DRIVE scheme, with an outlay of Rs 11,900 crore, is being implemented from April 1, 2024 till March 31, 2028, for faster adoption of electric vehicles (EVs), setting up of charging infrastructure and development of EV manufacturing ecosystem in the country. “In comparison, for FY 2024-25, electric two-wheelers were eligible to avail an incentive of Rs 5,000/ kWh, capped at Rs 10,000 per vehicle,” the ministry said. The maximum ex-factory price for e-two wheelers to avail the incentive is Rs 1.5 lakh, with a total fund support of Rs 2,767 crore from the Ministry of Heavy Industries. Total payout under the scheme shall be limited to the scheme outlay of Rs 11,900 crore.