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Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024

The Ministry of Heavy Industries, Government of India, in collaboration with the Department of Expenditure, Ministry of Finance, introduces the Electric Mobility Promotion Scheme 2024 (EMPS 2024). This scheme aims to expedite the uptake of electric vehicles (EVs) within the country, fostering a sustainable and eco-friendly transportation ecosystem while bolstering the EV manufacturing sector.

Eligible EV Categories:

  • Two Wheelers (e-2W): Including electric motorcycles and scooters.
  • Three-wheelers (e-3W): Encompassing registered e-rickshaws, e-carts, and L5 category e-3W.

Target Numbers:

  • The scheme targets the support of 3,72,215 EVs, comprising 3,33,387 e-2W and 38,828 e-3W (including 13,590 e-rickshaws & e-carts and 25,238 e-3W in L5 category).
  • Incentives will be extended to vehicles equipped with advanced battery technologies to encourage innovation.

Components of EMPS 2024:

  • Subsidies/Demand Incentive: A total fund allocation of INR 493.55 crore designated for providing incentives to eligible e-2W and e-3W vehicles.

  • Administration of Scheme: This includes Information, Education & Communication (IEC) activities and fees for Project Management Agency, amounting to INR 6.45 crore.

Aatma Nirbhar Bharat:

  • The scheme aligns with the vision of Aatma-Nirbhar Bharat, promoting self-reliance and resilience in the EV manufacturing industry.
  • By adopting the Phased Manufacturing Programme (PMP), emphasis is placed on domestic manufacturing and strengthening the EV supply chain, thereby generating significant employment opportunities across the value chain.

Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024_4.1