India has introduced a scheme to promote e-truck adoption by offering ₹9.6-lakh incentives with a national cap of 5,600 e-trucks.
To qualify for the incentives, buyers must provide a scrappage certificate for an old internal combustion engine (ICE) truck and ensure the old truck has an equal or higher Gross Vehicle Weight (GVW) than the new e-truck.
The scheme, part of the PM E-DRIVE initiative, aims to drive sustainable freight mobility and aligns with India's net-zero emissions goal by 2070. Steel Authority of India Limited (SAIL) has already committed to procuring 150 e-trucks.
Leading OEMs like Volvo Eicher, Tata Motors, and Ashok Leyland are manufacturing e-trucks in India. The PM E-DRIVE scheme, with a total outlay of ₹10,900 crore, will run from October 1, 2024, to March 31, 2026, with ₹500 crore specifically allocated for e-trucks.