Economic Times · India ·

India caps EV subsidies and sets registration deadlines

→Eligibility tied to price and timeline limits

Energy Transition
Change
India capped EV subsidy eligibility based on price thresholds and set registration deadlines under the PM E-DRIVE scheme.
Why it matters
Vehicles exceeding price limits or registered after deadlines are ineligible, with funding capped and subject to early exhaustion.
Implications
  • → Manufacturers must price within limits — eligibility constrained
  • → Buyers must register before deadlines — subsidy risk increases
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Economic Times
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