New Delhi, April 1 -- The Union ministry of heavy industries spent Rs.422 crore-about 27% of its FY25 allocation-towards subsidies for electric two- and three-wheelers under the Centre's flagship electric vehicle (EV) subsidy scheme this fiscal till February, a media statement from the heavy industries said on Tuesday.

Under the PM E-drive scheme, the Centre had allocated Rs.1,064 crore towards subsidising electric two-wheelers for fiscal year FY25. For the same period, the government had allocated Rs.511 crore towards subsidising electric three-wheelers.

The ongoing Rs.10,900-crore PM E-drive scheme received cabinet approval in September 2024 and is supposed to provide EVs at subsidised prices over two fiscals-FY25 and FY26. Of this am...