Electric Vehicle Policy — Revision Notes

⚡ 30-Second Revision

August 2026: S.O. 4424(E), ₹11,900 crore, terminal 31 March 2028.
Fund limits and segment closure still apply.
Incentive = applicable minimum, not sum of caps.
Net savings subtract extra recurring costs.
Tailpipe claim ≠ life-cycle claim.

2-Minute Revision

EV policy combines incentives with infrastructure and institutions. Use the latest applicable amendment and distinguish a scheme period from component availability. Apply caps carefully, evaluate total costs and use comparable life-cycle boundaries. Match policy instruments and indicators to their specific objectives.

5-Minute Revision

Apply the e-two-wheeler formula to the hypothetical 3 kWh, ₹30,000 vehicle. Separately calculate payback for a ₹20,000 premium, ₹4,000 annual energy saving and ₹1,000 additional annual maintenance. State what these calculations do not establish about eligibility or actual ownership costs.

Vyyuha Quick Recall

Date, segment, cap, net cost, life cycle.