Electric Mobility Promotion Scheme (EMPS) 2024 | Subsidy on Electric Vehicle

Electric Mobility Promotion Scheme 2024

The Ministry of Heavy Industries (MHI) has launched a new scheme to promote the adoption of electric vehicles in the coming months. The new e-Mobility Promotion Scheme 2024 (EMPS 2024) will entail an outlay of Rs 500 crore for four months from April 1 to July 31, 2024. This has been brought after the end of the FAME II (Faster Adoption and Manufacturing of Electric Vehicles in India) subsidy programme. The FAME II scheme will end on March 31. The company said that the new incentive amount will be available only for electric two-wheelers and three-wheelers.Under EMPS 2024, the government will provide an incentive of Rs 10,000 on every electric two-wheeler. Which will go up to Rs 25,000 per vehicle for small electric three-wheelers (e-rickshaw and e-kart) and Rs 50,000 for large electric three-wheelers. MHI said in a statement that it aims to support around 3.3 lakh two-wheelers and around 31,000 electric three-wheelers with the latest e-mobility scheme. The ministry also clarified that the incentive benefit will be available only to those vehicles fitted with advanced batteries.

 

EMPS Scheme Details in Highlights

Name of the scheme Electric Mobility Promotion Scheme
Launched by Indian government
Department Ministry of Heavy Industries
Starting from 1st April 2024
Last date July 31, 2024
Objective to promote e-mobility kicks
Mode online
Beneficiaries two-wheeler, three-wheeler EVs, e-rickshaws
Budget allocated Rs 500 crore
Official Website

Features of Electric Mobility Promotion Scheme

The features of the scheme are mentioned below:

  • The EMPS 2024 provides financial incentives to consumers who purchase electric two- and three-wheelers.
  • The goal of EMPS 2024 is to assist about 3.33 lakh two-wheelers by providing up to Rs 10,000 in support for each one.
  • Over 41,000 cars will benefit from up to Rs 25,000 in support for small three-wheelers, such as e-rickshaws and e-carts. Financial assistance for larger three-wheelers could reach up to Rs 50,000.

 

Benefits of the Electric Mobility Promotion Scheme

The new electric mobility promotion scheme introduced by the central government has various benefits such as it will increase the white spread adoption of the electrical vehicles throughout the country. The ministry of heavy industries has been allotted the budget of INR 500 crore for the electric mobility promotion scheme for the fiscal year 2024. This budget will be increased as per the response of the scheme. Starting from April 1 the EMPS 2024 plan will run till July 31 for 4 months with a total budget of 500 crores.  The government has laid out that a maximum of INR 25000 will be provided as assistance to all those who will acquire small three wheelers such as e rickshaws and ekarts. The  insentive will be given to around 41000 vehicles in these four months. The maximum amount of financial assistance for a large three-wheeler is Rs 50,000.

 

Incentives and Cap Details Per Vehicle Type

For the electric mobility promotion scheme the government has decided different categories in which the  incentives will be provided. Below is the complete table of those categories.

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 Electric mobility promotion scheme

Following are the documents required for the scheme.

  • Applicants Aadhar Card
  • Passport size Photograph
  • Mobile number

 

Eligibility Criteria for Electric Mobility Promotion Scheme

To be eligible for the electric mobility promotion scheme there are some criteria that one needs to fulfil.  In this scheme the vehicles that are equipped with sophisticated batteries would be eligible for incentives. This step was taken to promote new technology in the realm of the EV industry. Moreover only two and three wheeler vehicles will be eligible to get incentives in this scheme. So before applying for the electric mobility promotion scheme you must check whether your eligible for this or not.

 

Application Process of Electric Mobility Promotion Scheme

Follow the steps below for the application process, if you wish to apply for the Electric Mobility Promotion Scheme:-

Step 1: First of all, go to the official website of the scheme. After that on the home screen go to the apply here option and click on it.

Step 2: A new page will open before you, enter all the required details carefully. Then upload the necessary documents.

Step 3: Finally, click on the submit option. Save the application form in PDF format for later use.

 

So this was all about the latest scheme released by the union government to promote the use of electrical vehicles in the country. The electric mobility promotion scheme AIIMS  and increasing the number of electrical vehicles in the lower strata and will be successful in doing so.

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