Electric Mobility scheme extended by 2 months; outlay increased to Rs 778 cr

Electric mobility scheme: The government has extended the Electric Mobility Promotion Scheme (EMPS) by two months, now running until the end of September, and has increased the total funding to Rs 778 crore from the initial Rs 500 crore.

The scheme was launched by the Ministry of Heavy Industries in March this year and it  aims to accelerate the adoption of electric vehicles (EVs) across India. Originally scheduled to operate from April 1, 2024, to July 31, 2024, with a total budget of Rs 500 crore, the scheme will now continue until September 30, 2024, with an enhanced outlay of Rs 778 crore, as per an official statement.

The extension and increased funding aim to support the government's green initiatives and foster the growth of the EV manufacturing ecosystem in the country. The EMPS scheme covers electric two-wheelers, three-wheelers, registered e-rickshaws, e-carts, and L5 category vehicles.

Focussed on affordable and eco-friendly public transportation, the scheme primarily targets commercial e-2Ws and e-3Ws. Additionally, privately or corporate-owned registered e-2Ws will also be eligible for benefits under the scheme.

The Electric Mobility Promotion Scheme (EMPS) - 2024 is expected to significantly boost green mobility and the development of the EV manufacturing ecosystem in India.

(With PTI inputs)