Brief Context
Context The Centre unveiled a scheme to provide financial incentives for purchase of electric trucks under the PM E-Drive initiative, where a sum of ₹500 crore has been set aside for 5,600 electric trucks. About This is India’s first dedicated scheme for electric trucks, which were not included under the earlier FAME (Faster Adoption and Manufacturing of Electric Vehicles) scheme. Eligibility Conditions: Manufacturers must provide a battery warranty of 5 years or 5 lakh kilometres, whichever is
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Syllabus: GS3/Environment
Context
- The Centre unveiled a scheme to provide financial incentives for purchase of electric trucks under the PM E-Drive initiative, where a sum of ₹500 crore has been set aside for 5,600 electric trucks.
- Of this financial outlay, a fifth is dedicated for vehicles registered in Delhi.
About
- This is India’s first dedicated scheme for electric trucks, which were not included under the earlier FAME (Faster Adoption and Manufacturing of Electric Vehicles) scheme.
- Eligibility Conditions: Manufacturers must provide a battery warranty of 5 years or 5 lakh kilometres, whichever is earlier.
- The vehicle and motor must carry a warranty of 5 years or 2.5 lakh kilometres.
- To receive the incentive, scrapping of old, polluting diesel trucks is mandatory.
About PM E-DRIVE Scheme
- The scheme shall be implemented from October 1, 2024 to March 31, 2026.
- The EMPS-2024 (Electric Mobility Promotion Scheme) is being subsumed under the PM E-DRIVE scheme.
- Subsidy: The subsidy under the scheme for electric two-wheelers has been fixed based on battery power at Rs 5,000 per kilowatt hour but the overall incentive will not exceed Rs 10,000 in the first year.
- In the second year, it will be halved by Rs 2,500 per kilowatt hour, and the overall benefit will not exceed Rs 5,000.
- Three-wheelers, including e-rickshaws, will get a demand incentive of Rs 25,000 in the first year, which will be halved to Rs 12,500 in the second year.
- For the L5 category (cargo three-wheelers), they will get a benefit of Rs 50,000 in the first year, and for the second year, it is Rs 25,000.
- e-Vouchers: Ministry of Heavy Industries is introducing e-vouchers for EV buyers to avail demand incentives under the scheme.
- One vehicle per Aadhaar will be allowed. As soon as the vehicle is sold, e-voucher will be generated.
- The signed e-voucher will be essential for OEM (original equipment manufacturer) to claim reimbursement of demand incentives under the scheme.
- Charging Stations: The scheme addresses range anxiety of EV buyers by promoting in a big way the installation of electric vehicle public charging stations (EVPCS).
- These EVPCS shall be installed in select cities with high EV penetration and also on selected highways.
Source: TH