Electric Mobility Promotion Scheme In an effort to boost sales of electric two- and three-wheelers, the Indian government has started a new campaign. For the year 2024, the Electric Mobility Promotion Scheme (EMPS) will receive an allocation of Rs 500 crore, as declared by the Minister of Heavy Industries. April 1st is the start date of this initiative, which is scheduled to run for four months.
Electric Mobility Promotion Scheme 2024
A new program, the Electric Mobility Promotion Scheme 2024 (EMPS 2024), was unveiled by the Indian Ministry of Heavy Industries and approved by the Ministry of Finance’s Department of Expenditure. The country’s adoption of electric vehicles (EVs) is to be accelerated via this program. This fund-limited project, which has a total budget of Rs. 500 crore, will run for four months, from April 1st, 2024, to July 31st, 2024.
In order to support green mobility and the growth of the EV manufacturing ecosystem in India, the goal is to encourage the faster adoption of electric two-wheelers (e-2W) and three-wheelers (e-3W).This program offers incentives to producers and consumers in an effort to promote the sale of electric two- and three-wheelers.
EMPS Scheme Details in Highlights
| Scheme | Electric Mobility Promotion Scheme 2024 |
| Launched by | Minister of Heavy Industries |
| Launched on | On March 13, |
| Objective | To boost two, three-wheeler sales |
| Mode | Online |
| Beneficiaries | Two-wheeler, three-wheeler EVs, e-rickshaws |
| Budget allocated | ₹500 crore |
| Official Website | Click Here |
Electric Mobility Promotion Scheme’s Objectives
Launched on March 13, the EMPS Scheme seeks to increase e-mobility across the country. Funding for the Faster Adoption & Manufacturing of Electric Vehicles in India (FAME-II) initiative was increased by the government from Rs 10,000 crore to Rs 11,500 crore in February 2024. These demand incentive subsidies are available for electric two-, three-, and four-wheelers that are sold until March 31, 2024, or until funds run out, whichever comes first.
Benefits Of Electric Mobility Promotion Scheme
- Provides financial benefits to both manufacturers and consumers, lowering the cost of electric vehicles.
- Contributes to the reduction of pollutants and carbon emissions, improving the quality and health of the air we breathe.
- Propels technological innovation in electric vehicles, producing better and more effective transportation options.
- Reduces dependency on fossil fuels, fostering independence and security of energy.
- Supports economic growth by generating job opportunities in the electric car industry.
- Encourages the construction of infrastructure for charging, which makes it simpler for consumers to charge their electric cars.
- Reduces air pollution to improve public health and everyone’s quality of life.
Information on Rewards and Cap for Each Type of Vehicle
| Vehicle Type | Quantity | Incentive (per KWH) | Cap |
| Electric Two-Wheelers (e2w) | 3.37 lakh | ₹5000 | ₹10000 |
| Electric Three-Wheelers (e3w) | 41306 | ₹5000 | ₹25000 |
| Electric Rickshaws (e ricks) | 13590 | ₹5000 | ₹25000 |
| Large Electric Three-Wheelers (L5 e3w) | 25238 | ₹5000 | ₹50000 |
Documents Required for EMPS Scheme
- Aadhar Card
- PAN Card
- Passport size Photograph
- Mobile number
Eligibility Criteria for Electric Mobility Promotion Scheme
- You have to be an Indian citizen.
- Electric two-wheelers, three-wheelers, and four-wheelers are all included under the program.
- The parameters of the scheme stipulate a term during which vehicles must be purchased.
- The availability of funds allotted for the program affects subsidies.
- Vehicles have to adhere to certain requirements, such as pollution regulations and battery capacity.
How To Apply For The Electric Mobility Promotion Program?
- Visit the EMPS Scheme’s Official website.
- Locate and select the Apply here option from the home screen.
- A new page will appear; carefully fill in all the requested information.
- Upload the required files.
- Select the Submit option.
- For future use, save the application in PDF format.
Electric Mobility Promotion Scheme FAQs
1.Who can benefit from the scheme?
Indian residents planning to buy electric vehicles during the scheme’s period.
2.Which vehicles are covered?
Electric two-wheelers, three-wheelers, and four-wheelers.
3.How do I apply for incentives?
Check the scheme’s website or authorized channels for application details.
4.What benefits do I get?
You may receive subsidies or financial assistance to encourage electric vehicle adoption.
5.Is there a limit on eligible vehicles?
Yes, incentives may be limited and given on a first-come, first-served basis or until funds are exhausted.
Conclusion
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