MHI considers subsidy push for e-trucks in green operations

Government is considering two subsidy models for e-trucks, either ₹5,000 per kWh, or ₹7,500 per kWh of battery size

- Manas Pimpalkhare

The ministry of heavy industries (MHI) is working on a plan to incentivize electric trucks operating in what are called closed loop operations under the ₹10,900 crore PM E-drive scheme, according to two persons aware of the development.

A closed loop operation refers to these zero-emission vehicles running on shorter routes, with a focus on recycling energy, and reducing wastage through automated systems.

This comes in the backdrop of Union government allocating ₹500 crore towards reducing e-truck ownership costs under the electric vehicle (EV) subsidy scheme announced in October 2024.