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India unveils incentive scheme for e-truck adoption
India launched the PM E-DRIVE scheme in September 2024, offering a hefty ₹9.6 lakh subsidy for every new electric truck.
With a budget of ₹10,900 crore, the plan will support 5,600 e-trucks and is all about making freight transport cleaner while pushing toward India's net-zero emissions goal for 2070.
Focus on N2 and N3 category trucks
The scheme targets N2 and N3 category e-trucks from brands like Volvo Eicher, Tata Motors, and Ashok Leyland. It runs from October 2024 to March 2026.
Delhi gets a special push with funds set aside for 1,100 e-trucks—buyers just need to scrap an old truck to qualify.
SAIL is also joining in by adding 150 e-trucks to its fleet, hoping to inspire other industries like steel and logistics to follow suit.