Transport There is news of relief for those who buy electric three-wheelers. The government has decided to continue subsidizing electric three-wheelers. Let us tell you that the Modi government has extended the second phase of incentives for such vehicles under the Rs 10,900 crore e-Drive PM scheme. The move comes at a time when the allocation of subsidies for L5 category electric three-wheelers for the current financial year (2024-25) has already been finalized and more than 80,000 vehicles have been registered as of November 7 of this type. Additionally, the subsidy amount was capped at Rs 25,000 per vehicle, which was halved from Rs 50,000 per vehicle for 80,546 vehicles registered between April 1 and November 7, 2024.
You will be able to take advantage of the benefits this way.
As per the latest notification released on Tuesday, 1,24,846 vehicles registered on the Vahan portal from November 8, 2024 to March 31, 2026 will benefit from a subsidy of Rs 2,500/kWh in the first phase, up from 5,000 rupees/kWh. kWh. You will be able to. When the plan was announced in September this year, it aimed to support 80,546 electric three-wheeler transport vehicles for the current financial year and 1,24,846 units for the next financial year (2025-26). The target set for the current financial year was achieved much ahead of schedule, prompting the government to go ahead with the second phase. The second phase was due to begin on April 1 next year.
How long will the subsidy be available?
Last month, MHI announced that the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM e-Drive) scheme, recently approved by the Cabinet with a financial outlay of ₹10,900 crore, will be implemented from October 1, 2024. and will remain in force. until March 31, 2026. Its main objective is to accelerate the adoption of electric vehicles (EV) in the country, establish charging infrastructure and build a robust electric vehicle manufacturing ecosystem.
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