It is launched to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative.
About e-Truck Incentive Scheme
- Aim: To support the deployment of e-trucks, promoting indigenous manufacturing and reducing logistics costs and carbon footprint.
- Diesel trucks, constituting only 3% of the total vehicle population, contribute to 42% of transport-related greenhouse gas emissions.
- Features:
- The scheme provides financial incentives for N2(Gross Vehicle Weight (GVW) above 3.5 tonnes and up to 12 tonnes) and N3(GVW 12 tonnes and up to 55 tonnes) category e-trucks.
- The maximum incentive is set at ₹9.6 lakh per vehicle and will be offered as an upfront reduction.
About PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE)
- Ministry Responsible: Ministry of Heavy Industries (MHI).
- Focus: e-2 Wheelers (e-2Ws), e-3 Wheelers (e-3Ws), e-ambulances, e-trucks, e-buses, charging infra, EV testing (Category-wise Incentives)
- Objective: Accelerate adoption of Electric Vehicles (EVs), Develop EV charging infrastructure, Strengthen domestic EV manufacturing ecosystem, Promote sustainable, clean, and efficient public transport.
- PM E- DRIVE is different from FAME:
- Expands the scope beyond FAME-II: As it includes e-trucks, e-ambulances, and public charging infrastructure development.
- Scrapping-Linked Incentives: Mandatory for e-trucks and preference for e-bus deployment.
- Testing Agencies: It has provision for testing agencies to upgrade.