Question 1

Is the PM E-DRIVE scheme still running in 2026?

Accepted Answer

Yes. The PM E-DRIVE scheme runs to 31 March 2028 with a total outlay of ₹11,900 crore, raised from ₹10,900 crore by gazette notification dated 10 August 2026. All segments except registered e-3W (L5), which closed on 26 December 2025, remain open.

Question 2

What is the last date to claim a PM E-DRIVE incentive?

Accepted Answer

Claims must reach the Ministry of Heavy Industries or its project management agency by 31 December 2027. The scheme's terminal date is 31 March 2028 and no payments are made after it, so the claim deadline falls fifteen months earlier than the date most fleets plan around.

Question 3

Which PM E-DRIVE category has already closed?

Accepted Answer

Registered e-3W (L5) closed on 26 December 2025 because its sales target had been achieved, more than two years before the scheme's terminal date. Fleets buying L5 three-wheelers receive no PM E-DRIVE demand incentive.

Question 4

Do fleets apply for the PM E-DRIVE subsidy themselves?

Accepted Answer

No. The incentive is applied as a price reduction at the point of sale, and the manufacturer claims it back from the ministry. The fleet's invoice already reflects the reduced price, which is also the value used for GST, input tax credit and the depreciation base.

Question 5

How much is the PM E-DRIVE incentive for an electric truck?

Accepted Answer

For N2 and N3 category e-trucks it is the lowest of ₹5,000 per kWh of battery capacity, 10% of the ex-factory price for vehicles up to ₹1.25 crore excluding trailer, and a ceiling set by gross vehicle weight band. A scrapping certificate from a MoRTH-approved facility is mandatory.

e-truck

PM E-DRIVE Scheme In 2026: What Fleets Can Still Claim And What Already Closed