- The central government has extended the 'Electric Mobility Promotion Scheme 2024 until September 30.
- A statement by the ministry on Friday added that the total outlay of the scheme has been enhanced to ₹778 crore.
- It was originally set to run from April 1 to July 31, 2024, with a total outlay of ₹500 crores.
The
The scheme has now received a two-month extension and will continue till September 30, 2024. In addition to this extension, the government has also increased the outlay for this scheme from the initial ₹500 crore to ₹778 crore.
What is EMPS 2024?
The EMPS scheme replaced the earlier Faster Adoption and Manufacturing of Electric Vehicles in India (FAME) scheme. The EMPS scheme was a stop-gap measure after the end of the FAME-II scheme and was expected to be replaced by a new FAME-III scheme in the Budget 2024-25.However, as there was no consensus on a new scheme among the stakeholders, the government has decided to temporarily extend EMPS 2024 while a new FAME scheme is announced.
Under the EMPS 2024 scheme, customers can avail a subsidy of up to ₹10,000 for two-wheeler EVs, up to ₹25,000 for a small three-wheeler EV, and up to ₹50,000 for large three-wheeler EVs.
The ministry added that the scheme now targets supporting 560,789 electric vehicles, comprising 500,080 electric two-wheelers and 60,709 electric three-wheelers.
The subsidy under the EMPS 2024 scheme will only be available for EVs equipped with advanced batteries. Additionally, to promote domestic production, the government has also put in place a Phased Manufacturing Programme (PMP).
With inputs from agencies.
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