PM E-Drive Scheme- Are you also thinking of buying a truck? Then I have great news for you. The government will provide you with a subsidy of several lakhs of taka for purchasing a truck. Yes, you heard it right. After electric buses, the government will now also provide subsidy on the purchase of electric trucks. Increasing number of e-trucks will reduce carbon emissions. E-trucks can reduce pollution by up to 35 percent compared to diesel trucks.
Although the e-truck will cause zero pollution due to running on battery, but the production of electricity used to charge the battery causes carbon emissions. The Ministry of Heavy Industries has made this calculation accordingly. Under the PM E-Drive Scheme, subsidy will be given on the purchase of e-trucks and Rs 500 crore has been allocated for this purpose. The government will give subsidy on the purchase of 5600 e-trucks. This subsidy will be from Rs 2.7 lakh to Rs 9.7 lakh. The two-year-long PM E-Drive Scheme is ending on March 31 next year.
Heavy Industries Minister HD Kumaraswamy said that out of 5600 trucks, 1100 e-trucks will be operated in Delhi and an amount of Rs 100 crore will be given as subsidy for e-trucks registered in Delhi. This subsidy will be given on first come, first serve basis. Kumaraswamy said that Steel Authority of India Limited (SAIL) has decided to deploy 150 e-trucks at its various locations in the next two years. To get subsidy on the purchase of e-truck, it will be necessary to scrap your old truck.
You will have to scrap the old truck at a scrap center authorized by the public transport department and obtain a certificate and the subsidy amount will be given on that basis. Currently, companies like Volvo Eicher, Tata Motors, Ashok Leyland are manufacturing e-trucks in the country.
More information about this scheme can be obtained by visiting the portal related to PM E-Drive Scheme and its application will also have to be done through the portal.
Two lakh three wheelers will also get subsidy
According to the ministry, under the PM E-Drive Scheme, a target was set to provide subsidy to two lakh three-wheelers in two years and out of these, subsidy has already been given to 1.60 lakh vehicles. Similarly, a target was set to provide subsidy on the purchase of 24.5 lakh two-wheelers in two years and till now subsidy has been provided to 12 lakh two-wheelers.
Under the PM E-Drive Scheme, an amount of Rs 10,900 crore has been allocated for subsidy on purchase of all types of electric vehicles. The Heavy Industry Minister said that the government will provide a subsidy of Rs 1345 crore for the manufacture of rare earth magnets and discussions are being held to take a decision on this by issuing an inter-ministerial draft. This subsidy will be given to the manufacturing company that converts rare earth oxide into magnets. At present, it has been decided to give subsidy to two companies, but it can be increased as per the need.