EMPS demand incentives on e-2Ws and 3Ws extended till end of Sep 2024 • EVreporter

The government has extended the duration of the Electric Mobility Promotion Scheme (EMPS) 2024 by two months, to 30 September 2024, enhancing the outlay to INR 778 crores, said an announcement by the Ministry of Heavy Industries. The scheme now targets supporting 5,60,789 EVs, comprising 5,00,080 e-2Ws | 13,590 low-speed e-rickshaws and e-carts | 47,119 L5 e-3Ws. Incentives will only be extended to vehicles equipped with advanced batteries.

The EMPS scheme was originally set to run from April 1st, 2024, to July 31st, 2024, with a total outlay of INR 500 crore. The earlier target was 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 the L5 category).

Eligible e-2Ws and e-3Ws will receive a demand incentive of INR 5,000 per kWh, capped at 15% of the vehicle’s ex-factory price.