Govt to roll out e-truck subsidy—but with a rider and the clock ticking

The ministry of heavy industries is considering a subsidy of ₹5,000 per kWh of battery capacity for electric trucks, two people said, with about nine months left for its flagship electric vehicles incentive scheme to expire.

- Manas Pimpalkhare

The government was earlier considering two subsidy options for e-trucks—₹5,000 per kWh and ₹7,500 per kWh, one of them said. Following consultations with stakeholders last month, "the ₹5,000 per kWh subsidy is being considered at the moment", this person said.

That would amount to a ₹12.5-20 lakh subsidy per e-truck.

Mint couldn't ascertain what transpired during the stakeholder consultations.

Detailed guidelines for availing subsidies for e-trucks under the PM E-Drive scheme will be notified in a few weeks, said the second person. Both of them requested anonymity.