Archive · 3 Jan 2026
PM E-DRIVE Scheme Withdrawal Raises E-3W Prices
The government has stopped a scheme called PM E-DRIVE that helped make electric three-wheelers cheaper.
This means these vehicles will now cost more upfront, but they still save money in the long run because they are cheaper to run and maintain.
The government says the scheme did its job, and many electric three-wheelers have already been supported.
Some companies are offering temporary discounts to help customers during this change.
Experts think the demand for electric three-wheelers will keep growing because they are good for the environment and save money over time.
The PM E-DRIVE scheme for electric three-wheelers has been withdrawn, increasing upfront prices.
The price difference between electric and internal-combustion three-wheelers is up to ₹1 lakh.
The government supported 2,85,931 electric three-wheelers under the scheme.
Industry experts believe the impact on demand will be temporary due to lower operating costs of electric vehicles.
Montra Electric is offering a temporary ₹24,500 discount to support customers during the transition.
- Who
- Government of India, e-3W manufacturers, and industry analysts
- What
- Withdrawal of the PM E-DRIVE scheme for electric three-wheelers
- When
- Claims under the scheme beyond December 26, 2025, will not be entertained
- Where
- India
- Why
- The scheme has fulfilled its objective, and the industry has matured to sustain growth
- Scheme
- PM E-DRIVE
- Impact
- Increased upfront prices for e-3Ws
- Price Difference
- Up to ₹1 lakh between e-3Ws and IC vehicles
- Supported Vehicles
- 2,85,931 e-3Ws as of December 22, 2025
- EV Penetration
- 65% in the three-wheeler segment
- L5 Category Penetration
- 32%
- Transitional Support
- ₹24,500 offer from Montra Electric for limited stock