Overview
- The Ministry of Heavy Industries, which issued the notification Saturday, extended eligibility to July 31, 2026 for electric two-wheelers and to March 31, 2028 for e-rickshaws and e-carts.
- Vehicles priced above ₹1.5 lakh for e-two-wheelers and ₹2.5 lakh for e-three-wheelers will not qualify, a move that channels support to mass-market models.
- Incentives now track battery size with per‑kWh rates that drop in a later phase and are capped at 15% of the ex‑factory price, including ₹5,000/kWh (later ₹2,500/kWh) with per‑vehicle limits.
- The scheme stays limited to a total outlay of ₹10,900 crore, and segments will close once funds or targets are exhausted, as shown by the L5 registered three-wheeler category closing on December 26, 2025.
- Unit caps are set at 24,79,120 supported e-two-wheelers and 39,034 e-rickshaws and e-carts, and the allocation for e-rickshaws and e-carts has been cut to ₹50 crore.