Electric Vehicle Policy — Policy Reforms

Entry	Year	Description	Impact
S.O. 1617(E)	2026	The Ministry of Heavy Industries notification of 27 March 2026 amended PM E-DRIVE’s segment-specific provisions. Its revised registered electric two-wheeler incentive table ran through 31 July 2026, while the electric rickshaw and cart table extended into FY 2027–28.	A scheme’s overall duration does not establish identical eligibility windows for every vehicle category. The March electric two-wheeler terminal date is historical: the later notification of 10 August 2026 amended it again. Read successive notifications in sequence rather than applying the earlier date as current.
S.O. 4424(E)	2026	The Ministry’s 10 August 2026 notification further amended PM E-DRIVE, setting total outlay at ₹11,900 crore and the scheme’s terminal date at 31 March 2028. The revised electric two-wheeler table provides ₹2,500 per kWh, capped at ₹5,000 per vehicle, with the applicable 15% ex-factory-price ceiling. Other eligibility conditions still apply.	The scheme remains fund limited and components can close before the terminal date. The notification expressly retains the registered L5 electric three-wheeler segment’s closure on 26 December 2025 after its target was reached. Neither the larger outlay nor the later scheme date reopens that segment or guarantees a buyer an incentive.