Categories Finance/Money

Unused subsidies meant for e-rickshaws may be diverted to cargo e3Ws

The Indian government is considering reallocating subsidies within the PM E-DRIVE scheme due to the unexpectedly high demand for cargo electric three-wheelers (L-5 e3w). Sales of L-5 e3w have surpassed expectations, depleting allocated funds, while e-rickshaw and e-cart sales have significantly underperformed. The shift aims to utilize unused funds from the e-rickshaw/e-cart category to support the thriving L-5 e3w segment.

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