New Delhi, 13 September 2024: The Indian government this week approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme to boost electric vehicle (EV) adoption in the country. What sets this scheme apart from previous schemes are its provisions for electric trucks (e-trucks).
Atul Mudaliar, Director of Systems Change, India at Climate Group said: “This is the clearest sign yet from the government that electric trucks are being prioritised, at a time when many Indian cities face air pollution. The allocation of INR 500 crores as incentive for e-trucks for owners who scrap their older vehicles will pave the way for greater adoption of electrified trucks, and importantly ensure that polluting diesel trucks are coming off the roads simultaneously. The scheme is a great boost for businesses for whom electrifying their fleets is now a mandate, and e-truck option has remained costly and a challenging proposition. We welcome the PM E-DRIVE scheme, and the focus now is on early scheme roll-out.”
As per our Early Market Outlook Report published in 2022, it is estimated that, if left unchecked, greenhouse gas emissions from medium and heavy-duty trucks would increase by 100% from 500 million tonnes to 1,500 million tonnes by 2040.
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Climate Group drives climate action. Fast. Our goal is a world of net zero carbon emissions by 2050, with greater prosperity for all. We focus on systems with the highest emissions and where our networks have the greatest opportunity to drive change. We do this by building large and influential networks and holding organisations accountable, turning their commitments into action. We share what we achieve together to show more organisations what they could do. We are an international non-profit organisation, founded in 2004, with offices in London, New Delhi and New York.
