Ministry of Heavy Industries launched the Electric Mobility Promotion Scheme 2024 (EMPS 2024) with an aim to boost the adoption of electric vehicles (EVs) across the country. The EMPS scheme was originally set to run from April 1 to July 31, with a total outlay of INR 500 crore. The scheme has been extended by two more months i.e. upto September 30. Additionally, the scheme’s outlay has been enhanced to INR 778 crore.
It aims to advance the government’s green initiatives and foster the growth of the electric vehicle (EV) manufacturing ecosystem in the country. The eligible EV categories include electric two wheelers (e-2W) and electric three-wheelers including registered e-rickshaws & e-carts and L5 (e-3W)
With greater emphasis on providing affordable and environment friendly public transportation options for the masses, scheme will be applicable mainly to those e-2W and e-3Ws registered for commercial purposes. Further, in addition to commercial use, privately or corporate owned registered e-2W will also be eligible under the scheme.
The component wise enhanced outlay of the scheme is as under:
Components | Description | Total Fund requirement for 6 months |
Subsidies/Demand Incentive | Incentive for electric 2W (e-2W) and electric 3 W including registered e-rickshaws & e-carts and L5 (e-3W) | INR 769.65 Crore |
Administration of scheme | Including IEC (Information, Education & Communication) activities and fee for Project Management Agency | INR 8.35 Crore |
Total | INR 778.00 Crore |
The Scheme now targets to support 560,789 electric vehicles (EVs), comprising 500,080 electric two-wheelers (e-2Ws) and 60,709 electric three-wheelers (e-3Ws). This includes 13,590 rickshaws and e-carts, as well as 47,119 e-3Ws in the L5 category. To promote advanced technologies, incentives will be available only for EVs equipped with advanced batteries. The scheme is fund limited and the EVs are also restricted to targeted numbers for each defined category as mentioned. It promotes an efficient, competitive and resilient EV manufacturing industry in the country thereby promoting the Prime Minister’s vision of Aatmanirbhar Bharat. Phased Manufacturing Programme (PMP) has been adopted which encourages domestic manufacturing and strengthening off EV supply chain.
No nationwide incentive for 4W ev except for possible reduction in battery components cost .