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.
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.
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