India, Aug. 9 -- The Ministry of Heavy Industries (MHI) has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme by two years.

The deadline extension for the PM E-DRIVE scheme, specifically for e-trucks, e-buses and testing agencies, is a result of unique challenges faced by these sectors. These challenges include high initial costs, limited charging infrastructure, range anxiety, slow charging speeds and the need for specialised skill sets for operation and maintenance.

Introduced in 2024, this scheme was initially slated to come to an end in March 2026. It has now been extended to March 31, 2028, according to a recent government notification. However, subsidies for electric two- and three-whe...