New Delhi: The government extended the Electric Mobility Promotion Scheme by two months until the end of September and raised the total funds from Rs 500 crore to Rs 778 crore.
The initiative was initiated by the Ministry of Heavy Industries in March of this year with the goal of increasing the usage of electric vehicles (EVs) nationwide. The EMPS plan was initially scheduled to operate from April 1, 2024, to July 31, 2024, with a budget of Rs 500 crore.
The program has been prolonged for an additional two months, until September 30, 2024. Furthermore, the official statement announced that the scheme's expenditure has been increased to Rs 778 crore. The plan is designed to promote the government's environmental efforts and support the development of the electric vehicle (EV) manufacturing industry within the nation.
Included in the program are categories of electric vehicles that can participate, such as two-wheelers, three-wheelers (including e-rickshaws and e-carts), and L5 vehicles. The focus is on offering cost-effective and eco-friendly public transportation choices for the general public, with the program primarily targeting commercially registered e-2W and e-3W vehicles. Additionally, apart from being used commercially, privately or corporate-owned registered e-2W will also be qualified to benefit from the program.
The Electric Mobility Promotion Scheme (EMPS) - 2024 is anticipated to boost green mobility and the growth of the electric vehicle (EV) manufacturing industry in the nation.
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