To reduce dependence on fossil fuels and strengthen domestic capabilities in critical minerals for clean energy technologies, the centre has approved the extension of the ₹10,900-crore PM E-DRIVE scheme.
Under the revised timelines, the electric two-wheeler segment has been extended by three months up to July 31, 2026, and the electric three-wheeler segment, including e-rickshaws and e-carts, has been extended by two years up to March 31, 2028.
Officials added that policy support under the PM E-DRIVE scheme has been streamlined to ensure continuity of incentives, boost EV adoption and promote domestic manufacturing.
The government has been driving domestic manufacturing of major EV components with an outlay of ₹7,280 crore approved by the union cabinet on November 26, 2025 under the scheme to promote manufacturing of sintered Rare Earth Permanent Magnets (REPM) in a step to reduce import dependence and strengthen supply chains.
