PM E-Drive: Save ₹5,000 on Your EV Two-Wheeler

The government has extended the PM E-Drive subsidy for electric two-wheelers. Buyers can get up to ₹5,000 off the purchase price — calculated at ₹2,500 per kWh of battery capacity. Here's how it works and whether you should buy now.

Here's what happened: The central government has extended subsidy benefits under the PM E-Drive scheme for electric two-wheelers, keeping the incentive programme active for eligible buyers.. The subsidy is structured at ₹2,500 per kWh of battery capacity, with a maximum cap of ₹5,000 per vehicle, applied directly at the point of purchase.. Only electric two-wheelers from manufacturers registered under the PM E-Drive scheme qualify — buyers must verify model eligibility before booking..

What you should do: Check whether your shortlisted electric scooter model is listed under the PM E-Drive approved manufacturers list on the official government portal before paying a booking amount.. Ask your dealer to confirm the subsidy is reflected as a direct price reduction on the invoice — not as a post-purchase cashback — so you don't pay more upfront than needed.. If financing your EV purchase, request a revised loan quote based on the subsidised price so your EMI and total interest are calculated on the lower principal amount..

Pro tip: If a model has a 2 kWh or larger battery, it qualifies for the full ₹5,000 cap — always check battery capacity in the spec sheet before choosing between two similar models.

If this affects your borrowing choices, compare current personal loan options from 100+ lenders on GoCredit.