PM E-DRIVE Revises Electric Two-Wheeler Subsidy Cap
Why in the news
The nodal ministry changed the incentive terms for e-two-wheelers under PM E-DRIVE, fixing a per-kWh rate and a per-vehicle ceiling.
Key facts
- Revising ministry: Heavy Industries.
- Rate: ₹2,500 per kWh.
- Cap: ₹5,000 per vehicle.
- Period: April 2025 to March 2028.
- Total outlay of the scheme: ₹11,900 crore.
| Parameter | Revised value |
|---|---|
| Vehicle type | Electric two-wheelers |
| Incentive per kWh | ₹2,500 |
| Maximum per vehicle | ₹5,000 |
| Scheme budget | ₹11,900 crore |
About the scheme
- PM E-DRIVE encourages electric vehicle adoption.
- It also supports charging infrastructure.
- It aims to boost domestic EV manufacturing.
Exam angle
- Nodal ministry: Heavy Industries.
- Remember both numbers: ₹2,500 per kWh and ₹5,000 cap.
- Scheme outlay: ₹11,900 crore.