Government extends duration of EMPS 2024 by two months

 The EMPS scheme has been extended by two more months i.e. upto September 30th, 2024. Additionally, the scheme's outlay has been enhanced to Rs. 778 crore.

The scheme was originally set to run from April 1st, 2024, to July 31st, 2024, with a total outlay of Rs.500 crore.

The Electric Mobility Promotion Scheme 2024 (EMPS 2024), launched by the Ministry of Heavy Industries, Government of India through gazette notification 1334 (E) dated March 13, 2024, aims to boost the adoption of electric vehicles (EVs) across the country.

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It aims to advance the Government of India's green initiatives and foster the growth of the electric vehicle (EV) manufacturing ecosystem in the country.

To provide affordable and environment-friendly public transportation options for the masses, scheme will apply mainly to those e-2W and e-3Ws registered for commercial purposes. Further, in addition to commercial use, privately or corporate owned registered e-2W will also be eligible under the scheme.

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The scheme now targets to support 560,789 electric vehicles (EVs), comprising 500,080 electric two-wheelers (e-2Ws) and 60,709 electric three-wheelers (e-3Ws).

This includes 13,590 rickshaws and e-carts, as well as 47,119 e-3Ws in the L5 category.

To promote advanced technologies, incentives will be available only for EVs equipped with advanced batteries.   The scheme is fund limited and the EVs are also restricted to targeted numbers for each defined category as mentioned.

The Scheme promotes an efficient, competitive, and resilient EV manufacturing industry in the country thereby promoting the Prime Minister’s vision of Aatmanirbhar Bharat.

For this purpose, Phased Manufacturing Programme (PMP) has been adopted which encourages domestic manufacturing and strengthening off EV supply chain. This shall also create significant employment opportunities along the value chain.

 

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