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India Launches Portal for Rs 500 Crore Electric Truck Incentives

The PM E-DRIVE scheme offers up to Rs 9.6 lakh per e-truck by subsidizing upfront costs to accelerate the shift from diesel freight.

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Photo: X/@hd_kumaraswamy
electric truck scheme

Overview

  • Registrations opened on July 11 through an online portal that will reimburse OEMs for incentives on a first-come, first-served basis for N2 and N3 category trucks.
  • The scheme targets the rollout of around 5,600 electric trucks nationwide, including 1,100 reserved for Delhi under a separate ₹100 crore allocation.
  • Applicants must scrap older diesel trucks and secure manufacturer warranties of five years or 5 lakh km for batteries and five years or 2.5 lakh km for motors and vehicles.
  • Industry leaders such as Volvo Eicher, Tata Motors, and Ashok Leyland are registering models for the programme, with SAIL committing to procure 150 e-trucks over the next two years.
  • The ₹500 crore e-truck scheme forms part of the larger ₹10,900 crore PM E-DRIVE initiative aimed at decarbonising India’s transport sector by 2070.