PM E-DRIVE scheme extended until March 31, 2028, with Rs 2,017 crore utilized against a Rs 10,900 crore outlay.
Demand incentives for e-2W and e-3W segments saw the highest utilization, while e-ambulances, e-trucks, and capital asset grants saw zero spending.
The Ministry cited phased implementation and milestone-based disbursement as reasons for the under-utilization of allocated funds.