RAS question
Under PM E-DRIVE, the demand incentive for e-2 Wheelers in FY 2025-26 is:
Correct answer: (A) ₹2,500 per kWh.
Under PM E-DRIVE, the demand incentive for e-2 wheelers registered in FY 2025-26 is Rs. 2,500 per kWh.
Explanation
PM E-DRIVE uses demand incentives to lower the upfront purchase price of eligible electric vehicles and speed up EV adoption. For e-2 wheelers, PIB states a two-year incentive schedule: Rs. 5,000 per kWh for vehicles registered in FY 2024-25 and Rs. 2,500 per kWh for FY 2025-26. Rs. 2,500 per kWh is therefore the applicable rate for e-2 wheelers registered in FY 2025-26. PIB also states that incentives are capped per vehicle or at 15% of the ex-factory price, whichever is lower, so the per-kWh rate is the base rate, not an unlimited subsidy.
Why the other options are wrong
- (B) Rs. 5,000 per kWh applies to e-2 wheelers and e-3 wheelers registered in FY 2024-25, not FY 2025-26.
- (C) Rs. 10,000 per kWh is not the FY 2025-26 e-2 wheeler demand incentive under PM E-DRIVE.
- (D) PM E-DRIVE sets the e-2 wheeler demand incentive at Rs. 5,000 per kWh in FY 2024-25 and Rs. 2,500 per kWh in FY 2025-26, not Rs. 7,500 per kWh.
Concept
Government schemes in the Indian Economy syllabus include EV incentives structured by financial year and vehicle category. RAS often asks such current policy figures because they link budgetary support, industrial policy and sustainable mobility.