Electric Mobility Promotion Scheme 2024 Extended
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The Ministry of Heavy Industries has extended and increased the budget for the Electric Mobility Promotion Scheme 2024 (EMPS 2024). Initially planned from April 1 to July 31, 2024, the scheme will now run until September 30, 2024, with the budget rising from Rs. 500 crore to Rs. 778 crore.
The scheme aims to boost the use of electric vehicles (EVs) in India and support the local EV manufacturing industry.
It includes electric two-wheelers (e-2Ws) and three-wheelers (e-3Ws), such as e-rickshaws and e-carts, for both commercial and private use.
The increased budget will fund subsidies and incentives, with Rs. 769.65 crore allocated for this and Rs. 8.35 crore for administrative costs and related activities.
The updated goals are to support up to 560,789 EVs, including 500,080 electric two-wheelers and 60,709 electric three-wheelers.
This total includes 13,590 e-rickshaws and e-carts, as well as 47,119 L5 category vehicles. Incentives will be given only to EVs with advanced batteries.
This scheme supports the Aatmanirbhar Bharat vision by encouraging local manufacturing and improving the EV supply chain, which will help create jobs and strengthen India’s green mobility efforts.
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