Govt to offer sops up to Rs 5,000 for e-2-wheelers till Mar 2028

Govt has set a target of supporting up to 45.8 lakh electric two-wheelers, with Rs 2,767 crore earmarked for the segmentNEW DELHI: Govt has extended incentives for electric two-wheelers under the PM E-DRIVE scheme till March 31, 2028, while also working on a financing support mechanism to bring down borrowing costs for electric buses and trucks, as it looks to accelerate EV adoption across vehicle segments.A ministry of heavy industries (MHI) official said govt is discussing with banks and vehicle manufacturers an interest-subvention mechanism and credit guarantee for electric trucks that could help bridge the roughly 3-4 percentage-point financing-cost gap between electric and diesel trucks. Lenders typically price loans for electric trucks higher because of uncertainty around battery lif