₹500-cr incentive scheme for e-trucks rolled out

The government on Friday launched a ₹500 crore incentive scheme to promote the adoption of electric trucks, aiming to boost clean mobility in the commercial vehicle segment.

- NITIN KUMAR

Under the PM E-Drive initiative, 5,643 electric trucks in the N2 and N3 categories, ranging from 3.5 to 55 tonnes, will be eligible for financial support, with subsidies between ₹2.9 lakh and ₹9.3 lakh per vehicle depending on battery size and ex-factory cost.

Union minister for steel and heavy industries, HD Kumaraswamy, unveiled the scheme's portal and said the initiative is part of the larger ₹10,900-crore programme to support electric mobility. The move comes as the government looks to decarbonise the logistics and industrial transport sectors, where electric truck adoption has so far lagged due to high upfront costs.