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PM e-drive: Electric 2W buyers can get subsidy of ₹10K in 1st yr, ₹5K in 2nd yr

The New Indian Express

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September 13, 2024

UNDER the ‘PM Electric Drive Revolution in innovative Vehicle Enhancement (PM e-drive) scheme, which will be rolled out soon, electric two-wheeler buyers can avail a maximum subsidy of up to ₹10,000 in the first year and ₹5,000 in the second year.

PM e-drive: Electric 2W buyers can get subsidy of ₹10K in 1st yr, ₹5K in 2nd yr

Union Heavy industries Minister HD Kumaraswamy said on Thursday the subsidy under the new scheme for electric two-wheelers has been fixed based on battery power at? 5,000 per kilowatt hour but the overall incentive will not exceed ₹10,000 in the first year. He added that in the second year, it will be halved by ₹2,500 per kilowatt hour, and the overall benefit will not exceed ₹5,000.

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