Electric two-wheeler costs will fall by up to Rs 10,000 under the new PM E-Drive scheme. The initiative aims to boost EV adoption with subsidies available until March 2025

The government is now evaluating the scrappage policy with a focus on pollution levels rather than the age of the vehicle.

The PM E-Drive scheme aims to subsidise a range of electric vehicles, like e-two-wheelers, e-three-wheelers, e-ambulances, and e-trucks but excludes cars and hybrids.

Mukesh Ambani's company is also working to manufacture batteries and has won the Centre's PLI support for this effort.