Electric Mobility Promotion Scheme 2024 (EMPS 2024): Boosting EV Adoption in India
| Aspect | Details |
|---|---|
| Scheme Name | Electric Mobility Promotion Scheme 2024 (EMPS 2024) |
| Introduced By | Ministry of Heavy Industries & Department of Expenditure, Ministry of Finance |
| Objective | Accelerate adoption of electric vehicles (EVs), promote sustainable transportation, strengthen EV manufacturing |
| Eligible EV Categories | - Two Wheelers (e-2W): Electric motorcycles and scooters- Three-wheelers (e-3W): Registered e-rickshaws, e-carts, L5 category e-3W |
| Target Numbers | - Total EVs: 3,72,215- e-2W: 3,33,387- e-3W: 38,828 (including 13,590 e-rickshaws & e-carts and 25,238 L5 category e-3W) |
| Fund Allocation | - Subsidies/Demand Incentive: INR 493.55 crore- Administration of Scheme (IEC & Project Management Agency): INR 6.45 crore |
| Key Focus | - Advanced battery technologies- Phased Manufacturing Programme (PMP) for domestic manufacturing and supply chain strengthening |
| Alignment | Aatma Nirbhar Bharat vision, promoting self-reliance in EV manufacturing and employment generation |