The Government of India, through collaboration between the Ministry of Heavy Industries and the Department of Expenditure under the Ministry of Finance, rolls out the Electric Mobility Promotion Scheme 2024 (EMPS 2024). This initiative seeks to accelerate the adoption of electric vehicles (EVs) across the nation, promoting a greener and more sustainable transportation network while boosting the EV manufacturing industry.
Eligible EV Categories – Ministry of Heavy Industries
- Two Wheelers (e-2W): Including electric motorcycles and scooters.
- Three-wheelers (e-3W): Encompassing registered e-rickshaws, e-carts, and L5 category e-3W.
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.
