A Parliamentary Standing Committee has recommended that the PM E‑DRIVE Scheme outlay be strengthened and incentives expanded to accelerate electric vehicle adoption in India.In its recommendations to the Ministry of Heavy Industries, the committee suggested extending incentives for electric two-wheelers (e-2Ws) until March 31, 2028, which is the terminal year of the PM E-DRIVE scheme.
The panel also recommended introducing a targeted consumer incentive mechanism for electric four-wheelers, aimed at boosting adoption in that segment under the scheme.
Additionally, the committee proposed recalibrating investment thresholds under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) and allowing calibrated flexibility or differentiated eligibility criteria for high-potential domestic players.It further suggested that the government revise and enhance targets for electric three-wheelers (L5 category) and resume incentives for the segment until March 31, 2028.The PM E‑DRIVE Scheme is effective from April 1, 2024, to March 31, 2028, with a total outlay of ₹10,900 crore. For FY2026-27, the Union Budget has allocated ₹1,500 crore under the scheme.
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