Ministry of Heavy Industries is currently implementing the following schemes to promote Electric Vehicles (EVs) in the country:
- Electric Mobility Promotion Scheme (EMPS)-2024 with an outlay of INR 500 Crore for a period 4 months, w.e.f. April 1, 2024 till July 31, 2024 which provides incentives to buyers of e-2W and e-3W.
- Production Linked Incentive Scheme for Automobile and Auto Component Industry (PLI-AAT) with a budgetary outlay of INR 25,938 Crore. The scheme incentivises various categories of electric vehicles including e-2W, e-3W, e-4W, e-buses and e-trucks also.
- Production Linked Incentive Scheme for manufacturing of Advanced Chemistry Cell (PLI-ACC) Battery Storage in the country with a budgetary outlay of INR 18,100 Crore.
- Scheme to Promote Manufacturing of Electric Passenger Cars in India to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles.
Further, following initiatives have also been taken up by the government to increase the use of electric vehicles in the country:
- GST on electric vehicles and chargers/ charging stations for electric vehicles has been reduced to 5 percent.
- Ministry of Road Transport & Highways (MoRTH) announced that battery-operated vehicles will be given green license plates and be exempted from permit requirements.
- MoRTH issued a notification advising states to waive road tax on EVs, which in turn will help reduce the initial cost of EVs.
Since 2015, the Central Government has been providing subsidies to electric vehicle buyers under Phase-I & Phase-II of the Scheme for Faster Adoption and Manufacturing of Electric & Hybrid Vehicles in India. Under Electric Mobility Promotion Scheme (EMPS)- 2024, incentives/ subsidy is provided to buyers of e-2Ws and e-3Ws in the form of reduction in upfront purchase price of electric vehicles.
This information was given by the Minister of State for Heavy Industries and Steel, Bhupathi Raju Srinivasa Varma in a written reply in the Lok Sabha.