Ministry of Heavy Industries Announces Electric Mobility Promotion Scheme 2024

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The Electric Mobility Promotion Scheme 2024 (EMPS 2024) is launched by the Ministry of Heavy Industries, Government of India, in partnership with the Ministry of Finance's Department of Expenditure. This initiative aims to accelerate the adoption of electric cars (EVs) throughout the country, establishing a sustainable and environmentally friendly transportation ecology while also supporting the EV manufacturing sector.

Eligible EV Categories

• Two-wheelers (e-2W) include electric motorbikes and scooters.

• Three-wheelers (e-3W) include registered e-rickshaws, e-carts, and L5 category e-3W.

Target Numbers

• The initiative aims to support 3,72,215 EVs, with 3,33,387 e-2W and 38,828 e-3W (including 13,590 e-rickshaws and e-carts and 25,238 e-3W in the L5 category).

• To stimulate innovation, incentives will be extended to automobiles that use sophisticated battery technologies.

Components Of EMPS 2024

• Subsidies/Demand Incentive: A total cash allocation of INR 493.55 crore has been authorized for giving incentives to qualifying e-2W and e-3W cars.

• Administration of the Scheme: This covers IEC activities and Project Management Agency costs totaling INR 6.45 crore.

Aatman Nirbhar Bharat

• The plan is consistent with the goal of Aatma-Nirbhar Bharat, which promotes self-reliance and resilience in the EV manufacturing industry.

• By implementing the Phased Manufacturing Programme (PMP), focus is placed on domestic manufacturing and improving the EV supply chain, resulting in significant job creation across the value chain.

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