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MHI notifies guidelines for e-truck incentive scheme under PM E-DRIVE

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The Ministry of Heavy Industries (MHI) has issued detailed guidelines for the “Scheme to Promote Deployment of Electric Trucks in India” under the PM E-DRIVE initiative.  The scheme aims to accelerate the adoption of electric freight vehicles in the country by offering financial incentives for electric trucks (e-trucks) in the N2 and N3 categories, as defined by the Central Motor Vehicle Rules. N2 trucks are classified as those with a gross vehicle weight (GVW) above…

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Union Cabinet approves PM E-DRIVE Scheme with Rs 109 billion outlay to boost electric mobility

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The Union Cabinet has approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, with a Rs 109 billion budget over two years, aimed at accelerating electric mobility in India. The scheme provides Rs 36.79 billion in subsidies for electric two-wheelers (e-2Ws), three-wheelers (e-3Ws), ambulances, trucks, and other emerging EVs, targeting 2.479 million e-2Ws, 316,000 e-3Ws, and 14,028 e-buses. Buyers will receive demand incentives through an Aadhaar-authenticated e-voucher system. Key allocations include…