The government introduced a new program called the Electric Mobility Promotion Scheme on 13 March 2024. India’s Industry Minister Mahendranath Pandey announced the scheme on behalf of the Central Government and budgeted Rs 500 crore for it. This initiative will continue for four months beginning on 1 April 2024. In this article you get every necessary information regarding this scheme such as benefits, objectives, eligible criteria, required documents and apply for subsidy.
Electric Mobility Promotion Scheme 2024
A new program by the government aims to promote the sales of electric two- and three-wheelers. Up to July 2024 the Electric Mobility Promotion Scheme (EMPS) 2024 is available for four months. The scheme will go into effect on April 1 and last for four months. The aim of this initiative is to make it easier to use two-wheelers, three-wheelers and electric rickshaws.
There would be help for almost 3.3 lakh buyers of two-wheelers. The goal is to include over 31,000 three wheelers such as e-rickshaws and e-carts. A subsidy of Rs. 25,000 will be provided for three wheelers and Rs.50,000 will be provided if you purchase a large three-wheeler.
Overview of Electric Mobility Promotion Scheme 2024
| Name of the Scheme | Electric Mobility Promotion Scheme 2024 |
| Launched By | Minister of Heavy Industries |
| Launched on | 13 March |
| Beneficiary | Two-wheeler, Three-wheeler EVs, e-rickshaws |
| Objective | Increase sales of two and three wheelers |
| Application Mode | Online |
| Budget Allocated | Rs.500 Crores |
| Official Website | ____ |
Objective of Electric Mobility Promotion Scheme
The main objective of the scheme is to encourage e-mobility throughout the nation. The government boosted funding from Rs 10,000 crore to Rs 11,500 crore under the Faster Adoption & Manufacturing of Electric Vehicles in India initiative in February 2024. These demand incentive subsidies would be available for electric two, three and four wheelers sold until 31 March 2024 or will qualify for these demand incentive awards.
Haryana e Scooter Interest Free Loan Scheme
Benefits of Electric Mobility Promotion Scheme
The benefits of this scheme is given below:
- The new scheme demonstrates the government’s efforts to enhance electric transportation and reach Net Zero desires.
- The Rs 500 crore that has been allocated will help about 400,000 e2W and e3W over the course of four months.
- Due to the increasing demand, the government has lowered the maximum subsidy level for e2W cars from Rs 22,500 to Rs 10,000 and for e3W vehicles from Rs 111,505 to Rs 50,000 in order to alleviate the financial burden on electric vehicle makers. Both kinds of cars will receive an incentive of Rs 5,000 per kilowatt-hour (kWh).
- The Union government has allocated Rs.500 crore for the EMP initiative 2024.
PM Surya Ghar Muft Bijli Yojana
Eligibility Criteria
The eligibility criteria of this scheme is given below:
- This scheme is exclusively available for two- and three-wheelers.
- The government offers incentives for the e2W and e3W categories but e4W and e-buses will not get any such incentives under the current plan.
Required Documents of Mobility Promotion Scheme
The required documents of this scheme is given below:
- Passport Size Photograph
- Aadhar Card
- PAN Card
- Mobile Number
Pmsuryaghar.gov.in Login for Rooftop Solar
Application Procedure of Electric Mobility Promotion Scheme 2024
- First you have to visit the Official Website of the EMPS Scheme.
- The homepage will appear on your screen.
- Click on the Apply here option.
- A new page will appear on your screen.
- Enter all the necessary details in the form.
- You have to upload all the necessary documents.
- Click on the submit button.
- You can save the application form in PDF format for future use.
FAQ’s
There is a motorbike, bike, tempo and rickshaw subsidy available under the EMPS 2024 scheme.
For two-wheeler vehicles, a subsidy of Rs.10,000 would be provided for three-wheeler vehicles, the amounts being Rs. 25,000 and Rs. 50,000.
The details are already given in this article.
Not Available yet