Ministry of Heavy Industries
Government extends duration of EMPS 2024 by two months i.e. upto 30th September, 2024 with enhancement of outlay to Rs. 778 crore
Posted On:
26 JUL 2024 8:07PM by PIB Delhi
The Electric Mobility Promotion Scheme 2024 (EMPS 2024), launched by 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. The EMPS scheme was originally set to run from April 1st , 2024, to July 31st , 2024, with a total outlay of Rs.500 crore. The 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.
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.
Eligible EV categories
a) Two Wheelers (electric) (e-2W)
b) Three-wheeler (electric) including registered e-rickshaws & e-carts and L5 (e-3W)
With greater emphasis on providing affordable and environment friendly public transportation options for the masses, scheme will be applicable 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.
The component wise enhanced outlay of the scheme is as under:
|
Components
|
Description
|
Total Fund requirement for 6 months (INR in crore)
|
|
Subsidies/Demand Incentive
|
incentive for electric 2W (e-2W) and electric 3 W including registered e-rickshaws & e-carts and L5 (e-3W)
|
769.65
|
|
Administration of scheme
|
including IEC (Information, Education & Communication) activities and fee for Project Management Agency
|
8.35
|
|
Total
|
|
778.00
|
Revised Target numbers
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.
Aatma Nirbhar Bharat
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.
*******
MG/PD/ VL
(Release ID: 2037735)
Visitor Counter : 2479