WIRE — The government has announced a major update for people planning to buy electric vehicles in India as the PM E-DRIVE scheme has been extended until March 31, 2028. However, the incentive available on electric two-wheelers has been reduced, with the subsidy per kilowatt-hour (kWh) cut by half. With the revised rules now in place, prospective EV buyers need to understand how the new incentive structure will affect the benefits available to them.
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