Electric Mobility Promotion Scheme 2024

Electric Mobility Promotion Scheme: The Government of India has launched a new initiative to promote the sales of electric two and three wheelers. The Heavy Industries Minister has announced that Rs 500 crore will be reserved for the EMPS scheme for 2024. This program will run for four months from April 1. Read the article below to know more about the Electric Mobility Promotion Scheme.

Electric Mobility Promotion Scheme 2024

The government has launched a new initiative to promote the sale of electric two-wheelers and three-wheelers. The four-month Electric Mobility Promotion Scheme (EMPS) will be open till July 2024. This scheme will start on April 1 and will run for four months. The objective of this scheme is to facilitate the use of electric rickshaws, two-wheelers and three-wheelers.

Objectives of Electric Mobility Promotion Scheme

The EMPS scheme, launched on March 13, aims to promote electric mobility in the country. In February 2024, the government increased funding under the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) program from Rs 10,000 crore to Rs 11,500 crore. Electric two-, three- and four-wheelers sold till March 31, 2024 or till funds are available, whichever is earlier, will be eligible for these demand incentive subsidies.

Advantages of the Programme to Promote Electric Mobility

Benefits of the Electric Mobility Promotion Scheme include the following:

• The government's efforts to achieve net zero emissions and promote electric mobility are reflected in the new programme.
• The Rs 500 crore allotted would be used over four months to support roughly 400,000 e2W and e3W.
• The maximum subsidy ceiling for e2W vehicles has been lowered by the government from Rs 22,500 to Rs 10,000, and for e3W vehicles from Rs 111,505 to Rs 50,000, in response to growing demand and less financial strain on electric vehicle makers. As. Rs 5,000 per kilowatt-hour (kWh) would be offered as an incentive for both kinds of vehicles.
• For the EMP Scheme 2024, the Central Government has allotted Rs 500 crore.

Features of Electric Mobility Promotion Scheme

• The scheme aims to support the industry and prepare it for the post-subsidy environment.
• The program will start from April 1 and run for four months.
• The aim of this special program is to promote the sale of electric rickshaws, two-wheelers and three-wheelers.
• The government aims to assist around 3.3 lakh motorcycles. Under this initiative, financial assistance of ₹10,000 will be given for each two-wheeler.
• Under the programme, the government wants to cover around 31,000 small three-wheelers (e-rickshaws and e-carts) and will provide funding of ₹25,000 to help in their purchase.
• Financial assistance of ₹50,000 will be given for the purchase of a large three-wheeler.
• Under the Electric Mobility Promotion Scheme 2024, the incentive for electric two-wheelers has been reduced from ₹22,500 to ₹10,000.
• The incentive for electric three-wheelers with large batteries has been fixed at ₹50,000, and for e-rickshaws at ₹25,000.

Documents Required for EMPS Scheme

The following documents are required for this scheme:

– Aadhaar card of the applicant

– Passport size photograph

- PAN card

- mobile number

Eligibility Criteria for Electric Mobility Promotion Scheme

• Before applying for EMPS Scheme, make sure to fulfill all the eligibility criteria given below:
• Only two and three wheelers are eligible for this scheme.
• The government has been providing incentives for e2W and e3W categories, but the new scheme will not offer any such incentives for e4W and e-buses.

Application Process of Electric Mobility Promotion Scheme

If you want to apply for the Electric Mobility Promotion Scheme, follow the following steps:

1. Visit the official website of EMPS Scheme.

2. On the home screen, go to ‘Apply here’ option and click on it.

3. A new page will open in front of you, fill all the required details carefully.

4. Upload the required documents.

5. Click on ‘Submit’ option.

6. Save the application form in PDF format for later use.