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Home > All news > Economy, Report & Analysis, Sustainability > Government extends subsidies for electric cargo 3-wheelers under PM E-DRIVE

Government extends subsidies for electric cargo 3-wheelers under PM E-DRIVE

November 21, 2024
Reading Time: 2 minutes
Government extends subsidies for electric cargo 3-wheelers under PM E-DRIVE

New Delhi - The government is set to extend subsidies for the sale of the cargo category of electric three-wheelers (e-3Ws of L5 category) under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE).

However, there is a catch. Since the target of the first year has been achieved, as per the Scheme, the incentives of the second batch of vehicles (supposed to be for the next year), the subsidies will be half of the first year and will be capped at ₹25,000 per vehicle, sources in the know . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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