Electric Mobility Promotion Scheme

About Electric Mobility Promotion Scheme:

• It aims to further accelerate the adoption of Electric Vehicles in the country.
• Funding: It is a fund limited scheme with a total outlay of Rs. 500 crore for the period of 4 months.
• It is for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W)to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing ecosystem in the country. 
• Scheme duration: The Scheme duration is 4 months i.e. April 01, 2024 till July 31, 2024.
• Eligible Electric Vehicle categories
  • Two Wheelers (electric) (e-2W)
  • Three-wheeler (electric) including registered e-rickshaws & e-carts and L5 (e-3W)
• The 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.
• To encourage advanced technologies, the benefits of incentives will be extended to only those vehicles which are fitted with advanced batteries.
• The EVs eligible for incentivisation under EMPS 2024 scheme must be manufactured and registered within the validity period of EMPS -2024 certificate. 
• Components 
  • Subsidies: Demand incentives for e-2W & e-3W. Available for consumers in the form of an upfront reduced purchase price (Rs. 5,000 per kWH) of EVs, which will be reimbursed to OEM (Original Equipment Manufacturer) by Government of India. 
  • Administration of Schemeincluding IEC (Information, Education and Communication) activities and fee for Project Management Agency (PMA). 
• Nodal Ministry:Ministry of Heavy Industries