Question
With reference to India’s first-ever e-Truck Incentive
Scheme under the PM E-DRIVE initiative, consider the following statements: 1. The scheme covers N2 and N3 category electric trucks, with an upfront purchase incentive of up to ₹9.6 lakh per vehicle. 2. Scrapping of old diesel trucks is mandatory to avail the incentive benefits. 3. The scheme is part of PM E-DRIVE, launched in September 2024, which will run till March 2026. Which of the statements given above is/are correct?Solution
• Statement 1 is correct: The incentive scheme supports N2 and N3 category e-trucks (medium and heavy-duty electric freight vehicles), offering up to ₹9.6 lakh per vehicle as an upfront incentive, reimbursed to OEMs. • Statement 2 is correct: To promote fleet modernization and emission reduction, scrapping of old diesel trucks is mandatory for availing incentives. • Statement 3 is correct: The scheme falls under the PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) initiative, approved by the Union Cabinet and launched on September 29, 2024, effective from October 1, 2024 till March 31, 2026. Thus, all three statements are correct → Answer is (d) 1, 2 and 3.
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