Government revises PM e-DRIVE scheme, sets new deadlines for e-scooters, e-rickshaws

The government has revised the PM Electric Drive Revolution in Innovative Vehicle Development (PM E-DRIVE) plan to set new deadlines and unit limits for e-scooters and e-rickshaws.

Center revises guidelines under ₹10,900 crore PM E-DRIVE scheme; Thus, electric two-wheelers registered until July 31, 2026 and electric three-wheelers (e-rickshaws and e-cars) registered until March 31, 2028 will be able to benefit from the incentives.

To avail the incentive, the maximum ex-factory price is limited to ₹ 1.5 lakh for electric two-wheelers and ₹ 2.5 lakh for electric three-wheelers (e-rickshaws and e-cars).

The PM e-DRIVE scheme is a fund-limited programme. The total disbursement under the scheme will be limited to the scheme expenditure of ₹ 10,900 crore.

“In the event that funds for the program or its relevant sub-components are exhausted before the end date of the program on March 31, 2028, the program or its relevant sub-components will be closed accordingly, meaning no further requests will be accepted,” the Ministry of Heavy Industry said in a notification. The statement was included.

Deadline under a program refers to the final deadline or deadline by which a particular action must be completed or a beneficiary must register to receive the benefits of the program.

This segment was closed on December 26, 2025, as the target for sub-component registered electric three-wheelers (L5) was already achieved.

The maximum number of registered vehicles to be supported under PM e-DRIVE is limited to 24,79,120 for electric two-wheelers and 39,034 for e-rickshaws and e-cars.