PM E-DRIVE extended till March 2028, e-2Ws get up to Rs 5,000 incentiveThe government has extended the PM E-DRIVE scheme to March 31, 2028, with a Rs 11,900 crore outlay to boost EV adoption, charging infrastructure and domestic manufacturing. Under the revised provisions, registered electric two-wheelers will be eligible for purchase incentives for the period from April 1, 2025, to March 31, 2028. The incentive has been fixed at Rs 2,500 per kilowatt-hour, subject to a maximum of Rs 5,000 per vehicle. The incentive is lower than the support available during FY2024-25, when electric two-wheelers were eligible for Rs 5,000 per kWh and capped at Rs 10,000 per vehicle. The PM E-DRIVE scheme will operate as a fund-limited programme with total payouts capped at the overall outlay of Rs 11,900 crore.