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Electric Mobility Promotion Scheme 2024
March 23 , 2024
107 days
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- With the expiration of the FAME-II scheme on March 31, the central has announced the Electric Mobility Promotion Scheme 2024 (EMPS 2024).
- The scheme aims to incentivize the faster adoption of electric two-wheelers (e-2W) and three-wheelers (e-3W).
- Under the EMPS 2024, eligible EV categories include electric two-wheelers and three-wheelers, including registered e-rickshaws, e-carts, and L5 category vehicles.
- The scheme primarily targets e-2W and e-3Ws registered for the commercial purposes.
- The benefits are also extending to privately or corporate-owned registered e-2W vehicles.
- The incentives will be provided only to vehicles equipped with advanced battery systems.
- The government also announced that the subsidies provided under the FAME-II would apply to vehicles sold until March 31, or until the funds are exhausted, whichever first.
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