Pm e drive scheme cargo electric three wheelers buyers continue to avail subsidy benefit government advanced second phase incentive

Buyers of cargo electrical three-wheelers volition proceed to avail the subsidy payment arsenic the authorities has precocious the 2nd signifier of incentives for specified vehicles nether the Rs 10,900-crore PM e-Drive Scheme.

The determination comes arsenic the subsidy allocation for the ongoing fiscal twelvemonth connected L5 class electrical three-wheelers has already exhausted with the registration of implicit 80,000 specified vehicles till November 7.

Also, the subsidy magnitude has been capped astatine Rs 25,000 per vehicle, down to fractional from Rs 50,000 per conveyance for the 80,546 vehicles registered betwixt April 1 and November 7, 2024.

According to the latest notification published connected November 26, up to 1,24,846 vehicles to beryllium registered connected the Vahan portal from November 8, 2024 to March 31, 2026 volition beryllium capable to avail subsidies astatine reduced complaint of Rs 2,500/kWh, down from Rs 5,000/kWh successful signifier I.

When the strategy was announced successful September this year, 80,546 electrical three-wheeler cargo vehicles were targeted to beryllium supported for FY25 and 1,24,846 units for FY26.

The people for FY25 has been achieved overmuch up of schedule, prompting the authorities to beforehand the 2nd signifier that was primitively scheduled to footwear successful from April 1 adjacent year.