Electric Mobility Promotion Scheme 2024: Apply for Subsidy, Benefits, Features & More

Electric Mobility Promotion Scheme: The Government of India has launched a new initiative aimed at promoting the market of electric two-wheelers and three-wheelers. Heavy Industries Minister revealed that Rs 500 crore will be allocated for the EMPS scheme in 2024.This program, which started on April 1, will run for four months.In this article we have provided you all the information about Electric Mobility Promotion Scheme, so you must read this article till the end.

Electric Mobility Promotion Scheme 2024

The Ministry of Heavy Industries, Government of India, announced the Electric Mobility Promotion Scheme in March 2024 to encourage the adoption of electric vehicles (EVs) in the country. The scheme will run from April 2024 to July 2024, with a total outlay of Rs 500 crore. The scheme will support purchase of two-wheelers and three-wheelers.

The scheme will provide a subsidy of Rs 10,000 for two-wheelers, and Rs 25,000 for small three-wheelers. The subsidies will be eligible for electric two, three, and four wheelers sold until March 31, 2024, or until the time funds are available, whichever is earlier.

Key Highlights Of Electric Mobility Promotion Scheme

Name of the schemeElectric Mobility Promotion Scheme 2024
Launched byMinister of Heavy Industries
Launched onOn March 13,
Objectiveto boost two, three-wheeler sales
Modeonline
Beneficiariestwo-wheeler, three-wheeler EVs, e-rickshaws
Budget allocated₹500 crore
Official WebsiteComing Soon

Benefits of Electric Mobility Promotion Scheme

० The new initiative reflects the government’s efforts to boost electric mobility and achieve zero targets.

० About 400,000 e2W and e3W units will be supported with the Rs 500 crore allocated over four months.

० In response to growing demand and to ease the financial pressure on electric car manufacturers, the government has reduced the maximum subsidy for e2W cars from Rs 22,500 to Rs 10,000 and e3W vehicles from Rs 111,505 to Rs 50,000. Both types of vehicles will be offered Rs 5,000 per kilowatt-hour (kWh) as an incentive.

० For the EMP Plan 2024, the central government has allocated ₹500 crore.

Features of Electric Mobility Promotion Scheme

० The plan aims to support the project and prepare it for a post-grant environment.

० The program will run for four months starting April 1st.

० The special program aims to increase sales of electric rickshaws, two-wheelers and three-wheelers.

० The government aims to subsidize about 3.3 million motorcycles. A financial subsidy of ₹10,000 will be provided for each two-wheeler under the scheme.

० Under the scheme, the government intends to cover around 31,000 small three-wheelers (e-rickshaws and e-karts) and provide ₹25,000 to help with their purchase.

० A financial assistance of ₹50,000 is being offered for the purchase of a large tricycle.

० Under the Electric Mobility Promotion Scheme 2024, the incentive for electric two-wheelers has been reduced from ₹22,500 to ₹10,000.

० It has been fixed at ₹50,000 for cars with larger batteries and ₹25,000 for e-rickshaws.

Details of Incentives and Cap per Vehicle Type

Vehicle TypeQuantityIncentive (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

Electric Mobility Promotion Scheme 2024 Documents

० Applicant’s Aadhar Card
० Passport-sized Photograph
० PAN Card
० Mobile Number

Eligibility Criteria for Electric Mobility Promotion Scheme

० Only two and three-wheelers are eligible for this scheme.

० 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.

Application Process of Electric Mobility Promotion Scheme

० Go to the official website of the EMPS Scheme.

० On the home screen, go to the Apply here option and click on it.

० A new page will open before you, enter all the required details carefully.

० Upload the necessary documents.

० Click on the submit option.

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

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