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Two-, three-wheeler cos get quarter of FY25 EV subsidies
Mint Bangalore
|April 02, 2025
The Union ministry of heavy industries spent ₹422 crore—about 27% of its FY25 allocation—towards subsidies for electric two- and three-wheelers under the Centre's flagship electric vehicle (EV) subsidy scheme this fiscal till February, a media statement from the heavy industries said on Tuesday.
Under the PM E-drive scheme, the Centre had allocated ₹1,064 crore towards subsidising electric two-wheelers for fiscal year FY25. For the same period, the government had allocated ₹511 crore towards subsidising electric three-wheelers.
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