In EV push, subsidy of Rs 10k for 2-wheelers till March next year, to be halved next year

The Indian government has unveiled the PM E-Drive subsidy scheme, offering Rs 10,000 for electric 2-wheelers and Rs 50,000 for electric 3-wheelers until March 2025. The initiative targets increased EV adoption and improved charging infrastructure. Subsidies will be reduced in the next financial year.