Ministry of Heavy Industries announces Electric Mobility Promotion Scheme

Prameyanews English

Published By : Prameya News Bureau | March 13, 2024 IST

Ministry of Heavy Industries announces Electric Mobility Promotion Scheme

New Delhi, March 12: Electric Mobility Promotion Scheme 2024 (EMPS 2024) scheme is being introduced by Ministry of Heavy Industries, Government of India with the approval of Department of Expenditure, Ministry of Finance to further accelerate the adoption of EVs in the country. 

This is a fund limited scheme with a total outlay of Rs. 500 crore for the period of 4 months, w.e.f. 1st April 2024 till 31st July 2024, for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country. 

Eligible EV categories include , two wheelers (electric) (e-2W) and three-wheeler (electric) including registered e-rickshaws & e-carts and L5 (e-3W)

With greater emphasis on providing affordable and environment friendly public transportation options for the masses, scheme will be applicable mainly to those e-2W and e-3Ws registered for commercial purposes. Further, in addition to commercial use, privately or corporate owned registered e-2W will also be eligible under the scheme.

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