PM Electric Drive Revolution in Innovative Vehicle Enhancement

About the Scheme

A comprehensive scheme designed to accelerate the adoption of electric vehicles in India by providing fiscal incentives, specifically targeting electric two-wheelers and three-wheelers to promote sustainable urban mobility and domestic manufacturing.

Target Beneficiaries: Electric vehicle manufacturers and buyers of electric two-wheelers and three-wheelers

✦Key Features

• Price caps for eligibility
• Firm vehicle targets for e-two-wheelers and e-three-wheelers
• Extension of eligibility dates
• Fund-limited nature of incentives

★Benefits

• Incentives for electric two-wheelers and three-wheelers
• Promotion of domestic EV manufacturing
• Reduction in vehicular emissions
• Enhanced sustainable urban mobility