India’s First-ever E-Truck Incentive Scheme

GS2 – Governance

Context:

India has launched its first dedicated e-truck incentive scheme under the PM E-Drive initiative, marking a major step in expanding the electric vehicle ecosystem beyond two- and four-wheelers. Notably, e-trucks were excluded from the FAME scheme.

Scheme Details:
  • Type: Central Sector Scheme
  • Ministry: Ministry of Heavy Industries
  • Delhi Focus: 1/5th of the scheme’s financial outlay is earmarked for vehicles registered in Delhi.
About FAME Scheme:
  • Launched: 2015
  • Objective: Promote EV adoption via demand incentives.
  • Focused on: Electric 2W, 3W, 4W, and buses.
  • Implemented by: Ministry of Heavy Industries
PM E-Drive Initiative (2024–2026)
  • A flagship initiative to boost EV adoption.
  • Aims to expand incentives and infrastructure (like charging stations).
Objectives of the E-Truck Scheme:
  1. Expand EV coverage to include medium and heavy-duty trucks.
  2. Lower emissions from road-based freight transport.
  3. Stimulate demand for electric trucks in the domestic market.
  4. Reduce logistics costs through energy-efficient alternatives.
Key Features of the E-Truck Incentive Scheme:
  • Target Segments: Trucks in:
    • N2 category (3.5 – 12 tonnes GVW)
    • N3 category (12 – 55 tonnes GVW)
  • Incentive Amount: Up to ₹9.6 lakh per vehicle.
  • Eligibility Requirements:
    • Must use advanced battery technology.
    • Requires scrapping of old diesel trucks.
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