The new scheme Electric Mobility Promotion Scheme 2024 (EMPS 2024) Implemented by the Ministry of Heavy Industries, has come into effect from 1st April 2024 after the end of the FAME scheme on 31st March 2024.
Goverment Scheme
The govt of India has started a new scheme Electric Mobility Promotion Scheme 2024 (EMPS 2024) Implemented by the Ministry of Heavy Industries, the new scheme has come into effect from 1st April 2024 after the end of the FAME scheme on 31st March 2024. The new INR 500 crore scheme has thus came into force from 1st April 2024 and continue till the end of July 2024. The new scheme will offer support of up to INR 10,000 per two-wheeler for about 3.33 lakh two-wheelers. For small three-wheelers (e-rickshaw and e-carts), the new scheme has provision for up to INR 25,000 subsidy for over 41,000 such vehicles. The financial support will be up to INR 50,000 in case of a large three-wheeler.
The EMPS 2024, a limited fund scheme of INR 500 crore for four months, aims to boost the adoption of electric two-wheelers and three-wheelers from 1st April to 31 July 2024.
The scheme targets supporting 3,72,215 EVs, specifically prioritizing vehicles equipped with advanced batteries for incentives.
Ministry of Heavy Industries
Union Minister- Mahendra Nath Pandey
State Minister- Krishan Pal Gujjar
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