PM e-Drive Scheme: Get subsidy of up to Rs 9.7 lakh on buying an electric truck! Know who will get it and how..

After electric buses, the government will now also provide a subsidy on the purchase of electric trucks. Increasing the number of e-trucks will reduce carbon emissions. E-trucks can reduce pollution by up to 35 percent compared to diesel trucks.

Although e-trucks will cause zero pollution due to running on a battery, carbon emissions occur in the production of electricity used to charge the battery. According to that, the Ministry of Heavy Industries has done this calculation.

Under the PM E-Drive Scheme, a subsidy will be given on the purchase of e-trucks, and Rs 500 crore has been allocated for this item. The government will provide a subsidy on the purchase of 5600 e-trucks. This subsidy will be from 2.7 lakh to 9.7 lakh. The two-year period of the 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 run in Delhi, and an amount of Rs 100 crore will be given as a subsidy for e-trucks registered in Delhi.

This subsidy will be given as per the first-come, first serve rule. Kumaraswamy said that Steel Authority of India Limited (SAIL) has decided to deploy 150 e-trucks at its various places in the next two years. To get a subsidy on the purchase of an e-truck, it will be necessary to scrap your old truck.

You will have to scrap the old truck in the scrap center authorized by the Public Transport Department, and get a certificate, and the subsidy amount will be given on that basis. Currently, companies like Volvo Eicher, Tata Motors, and Ashok Leyland are manufacturing e-trucks in the country.

More information about this scheme can be obtained by visiting the portal related to the PM e-Drive Scheme, and its application will also have to be done through the portal.

Two lakh three-wheelers will also get a subsidy.

According to the ministry, under the PM e-drive scheme, a target was set to give a subsidy to two lakh three-wheelers in two years, and out of these, a subsidy has been given to 1.60 lakh.

Similarly, a target was set to give a subsidy on the purchase of 24.5 lakh two-wheelers in two years, and till now, a subsidy has been given to 12 lakh two-wheelers.

Under the PM e-drive scheme, an allocation of Rs 10,900 crore has been made for a subsidy on the purchase of all types of electric vehicles.

The government will give a subsidy of Rs 1345 crore for rare earth magnets
The Heavy Industries Minister said that the government will give a subsidy of Rs 1345 crore for the manufacture of rare earth magnets, and to take a decision on this, an inter-ministerial draft has been issued, and discussions are being held. 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.

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