Electric Mobility Promotion Scheme: The Government of India has launched the Electric Mobility Promotion Scheme to encourage the sale of electric two-wheelers and three-wheelers. A new ₹500 crore scheme to promote electric mobility in India will come into effect from today (April 1). This program will start on April 1 and continue till the end of July. If you want to get more information about the Electric Mobility Promotion Scheme. We will tell you about its benefits, objectives, documents, application process, etc. So stay tuned to our article till the end to get more information.
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Electric Mobility Promotion Scheme 2024
The Heavy Industries Minister has launched a new initiative to encourage the sale of electric two-wheelers and three-wheelers. The scheme will be launched on April 1 and will run for four months. The scheme is designed to facilitate the use of electric rickshaws, two-wheelers, and three-wheelers. Rs 500 crore has been spent on the transition to electric mobility in India.
As per the TOI report, the initiative comes soon after the conclusion of the second phase of the FAME (Faster Adoption and Manufacturing of Electric Vehicles) program on March 31, 2024. Under the FAME scheme, the subsidy will be available for electric vehicles sold till March 31 or till the fund ends. EMPS 2024 aims to assist up to Rs 10,000 for each two-wheeler, with a target to support approximately 3.33 lakh two-wheelers. Small three-wheelers (e-rickshaws and e-carts) may get assistance of up to Rs 25,000, which will benefit more than 41,000 vehicles. For larger three-wheelers, the financial assistance can go up to Rs 50,000.
Electric Mobility Promotion Scheme Key Highlights
| Name of the scheme | Electric Mobility Promotion Scheme |
| Launched by | Minister of Heavy Industries |
| Launched on | On March 13, 2024 |
| Beneficiaries | two-wheeler, three-wheeler EVs, e-rickshaws |
| Objective | to boost two, three-wheeler sales |
| Budget allocated | ₹500 crore |
| Mode of Apply | Online |
| Official Website | – |
Electric Mobility Promotion Scheme Objective
The main objective of the Electric Mobility Promotion Scheme is to promote e-mobility in the country. The government has set aside Rs 500 crore for the EMPS scheme. The scheme will continue till the end of July as the second phase of the FAME- Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) program ends on March 31.
Details of Incentives and Cap per Vehicle Type
| Vehicle Type | Quantity | Incentive (per KWH) | Cap |
| Electric Two-Wheelers (e2w) | 3.37 lakh | ₹5000 | ₹10000 |
| Electric Three-Wheelers (e3w) | 41306 | ₹5000 | ₹25000 |
| Electric Rickshaws (e ricks) | 13590 | ₹5000 | ₹25000 |
| Large Electric Three-Wheelers (L5 e3w) | 25238 | ₹5000 | ₹50000 |
Benefits of the Electric Mobility Promotion Scheme 2024
- The new program showcases the government’s efforts to advance electric mobility and meet net-zero targets.
- This program will start on April 1 and run for four months.
- For the EMP scheme 2024, the Union government has allotted ₹500 crore.
- The government aims to assist around 3.3 lakh motorcycles. Under this initiative, financial assistance of ₹10,000 will be provided for each two-wheeler.
- Under the program, the government intends to cover around 31,000 small three-wheelers (e-rickshaws and e-carts) and will provide a sum of ₹25,000 each to help in their purchase.
- Financial assistance of ₹50,000 will be given for the purchase of a large three-wheeler.
- Under the EMPS 2024, the incentive for electric two-wheelers has been reduced from ₹22,500 to ₹10,000.
- The incentive for electric three-wheelers has been set at ₹50,000 for vehicles with larger batteries and ₹25,000 for e-rickshaws.
- In response to the growing demand and to ease the financial stress on electric vehicle manufacturers, the government has reduced the maximum subsidy limit from Rs 22,500 to Rs 10,000 for e2W vehicles and from Rs 111,505 to Rs 50,000 for e3W vehicles. Both types of vehicles will be given an incentive of Rs 5,000 per kilowatt-hour (kWh).
Eligibility Criteria for EMPS
- The applicant must be a permanent resident of India.
- Only two and three-wheelers are eligible for this scheme.
- Even though the government is providing incentives for the e2W and e3W categories, the new plan will not provide any incentives of this kind for e4W and e-buses.
Required Documents
- Applicants Aadhar Card
- Passport size Photograph
- PAN Card
- Mobile number
Application Process of Electric Mobility Promotion Scheme 2024
- First of all, Go to the official website of the EMPS Scheme.
- The website homepage will open on the screen.
- You must go to the Apply Here option on the home screen.
- A new page will open on the screen.
- Enter all the required details carefully.
- Upload the necessary documents.
- Click on the submit option.
- Save the application form in PDF format for later use.
- In this way, you can apply.
FAQs
Who has launched the Electric Mobility Promotion Scheme?
The Minister of Heavy Industries has launched the Electric Mobility Promotion Scheme.
What is the objective of the EMPS?
The Electric Mobility Promotion Schemes aims to promote e-mobility in the country.
How many crores of rupees has the government earmarked for the transition to electric mobility?
The government has earmarked Rs 500 crore for the transition to electric mobility.