Electric Mobility Promotion Scheme

Electric Mobility Promotion Scheme 2024, Eligibility, Benefits and Application Form 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) has an outlay of Rs 500 crore for four months from April 1 to July 31, 2024. It has been brought after the end of the FAME II (Faster Adoption and Manufacturing of Electric Vehicles in India) subsidy program. The FAME II scheme will end on March 31. The company said that the new incentives will be only for electric two-wheelers and three-wheelers.

Electric Mobility Promotion Scheme

Through EMPS 2024, the government will provide an incentive of Rs 10,000 on every electric two-wheeler. Which will be up to Rs 25,000 per vehicle for small electric three-wheelers (e-rickshaws and e-carts) and Rs 50,000 for large electric three-wheelers. MHI said in a statement that it aims to provide assistance to about 3.3 lakh two-wheelers and about 31,000 electric three-wheelers through the latest e-mobility scheme. The ministry also clarified that the incentive benefits will be available only to vehicles with advanced batteries. Read the post till the end for more details.

Electric Mobility Promotion Scheme 2024 Summary

Name of the scheme Electric Mobility Promotion Scheme (EMPS)
Launched by Indian Government
Department Ministry of Heavy Industries
Initial Form 01 April 2024
last date 31 July 2024
Objective To promote e-mobility
Method Online
Beneficiaries Two-wheeler, Three-wheeler EV, E-rickshaw
Allocated Budget ₹500 crore
official website heavyindustries.gov.in

Electric Mobility Promotion Scheme Eligibility Criteria 2024

To be eligible for the Electric Mobility Promotion Scheme, certain criteria have to be met. Under this scheme, vehicles equipped with state-of-the-art batteries will be eligible for incentives. This step has been taken to promote new technology in the field of EV industry. Apart from this, only two and three wheelers will be eligible to get incentives under this scheme. So before applying for the Electric Mobility Promotion Scheme, you should check whether you are eligible for it or not.

Features of Electric Mobility Promotion Scheme 2024

  • The EMPS 2024 offers financial incentives to consumers purchasing electric two-wheelers and three-wheelers.
  • EMPS 2024 aims to provide assistance of up to Rs 10,000 to around 3.33 lakh two-wheelers.
  • A maximum of 41,000 cars will benefit, with assistance of up to Rs 25,000 for small three-wheelers like e-rickshaws and e-carts. Financial assistance for large three-wheelers can go up to Rs 50,000.

Electric Mobility Promotion Scheme Benefits 2024

The new Electric Mobility Promotion Scheme launched by the Central Government has many benefits such as it will increase the popularity of electric vehicles across the country. A budget of Rs 500 crore has been allocated to the Ministry of Heavy Industries for the Electric Mobility Promotion Scheme for the financial year 2024. This budget will be increased according to the response of the scheme. The EMPS 2024 scheme, which started from April 1, will run till July 31, 2024 i.e. for 4 months and its total budget will be Rs 500 crore. The government has decided that all people buying small three-wheelers like e-rickshaws and e-carts will be given a maximum assistance of Rs 25000. In these four months, about 41000 vehicles will be given incentives. The maximum amount of financial assistance for large three-wheelers is Rs 50,000.

Incentives and cap details per vehicle type in Electric Mobility Promotion Scheme

Vehicle Type amount Incentive (per kWh) Cap
Electric two wheeler (e2w) 3.37 Lakh ₹5,000 ₹10,000
Electric Three-Wheelers (e3w) 41306 ₹5,000 ₹25,000
Electric Rickshaws (E Rickshaws) 13590 ₹5,000 ₹25,000
Large Electric Three-Wheelers (L5e3w) 25238 ₹5,000 ₹50,000

Electric Mobility Promotion Scheme Required Document List 2024

  • Aadhaar card of the applicant
  • Passport size photograph
  • mobile number

Electric Mobility Promotion Scheme Application Form Process 2024

  • First of all go to its official website.
  • Click on the Apply Here option on the home screen.
  • A new page will open in front of you.
  • Fill all the required details and upload the required documents.
  • Finally click on the submit option.
  • After submission, save the application form as PDF for later use.

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