Government revises PM e-DRIVE scheme, sets new deadlines for e-scooters, e-rickshaws
GS3Economy · S&T · Environment · Security· Industry, investment & MSMEs· Prelims + Mains·
Why in news
The government revised the PM e-DRIVE scheme by setting specific registration deadlines and maximum incentive caps for electric scooters and e-rickshaws.
Background
The PM e-DRIVE scheme has a total payout of ₹10,900 crore. It provides a maximum incentive of ₹1.5 lakh for two-wheelers and ₹2.5 lakh for three-wheelers.
Facts for Prelims
- FactPM e-DRIVE total payout: ₹10,900 crore
- FactMaximum incentive for two-wheelers: ₹1.5 lakh
- FactMaximum incentive for three-wheelers: ₹2.5 lakh
- FactRegistration deadline for two-wheelers: July 31, 2026
- FactRegistration deadline for three-wheelers: March 31, 2028
For Mains
Q. Discuss how fiscal incentives under schemes like PM e-DRIVE can accelerate India's transition to green mobility while ensuring long-term economic viability.
Dimensions to cover in your answer
- Fiscal sustainability: Risk of fund exhaustion before the 2028 deadline impacting long-term EV adoption
- Market distortion: Potential for subsidy-dependency among manufacturers vs. organic technological innovation
Keywords: Green Mobility · Fiscal Incentives · Electric Vehicles · Sustainable Infrastructure · Industrial Policy
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