Home EV News EMPS Scheme 2024: Details of New EV Subsidy Scheme of India

EMPS Scheme 2024: Details of New EV Subsidy Scheme of India

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EMPS Scheme 2024

The Government of India has started new EMPS EV Subsidy scheme to promote the adoption of electric vehicles in India. The Electric Mobility Promotion Scheme 2024 (EMPS 2024) is effective from the 2nd April 2024. Under the EMPS scheme the subsidy of Rs. 10,000 to Rs. 50,000 will be provided by the Government of India on the purchase of new electric vehicle. The Indian government has allotted fund of Rs 500 crore for the implementation of Electric Mobility Promotion Scheme 2024. So if you are planning to buy new electric vehicle, than we advise you to avail the benefits of this scheme and save a handsome chunk of money while purchasing new EV. In this article we will discuss details of EMPS Scheme like eligibility criteria, important documents required, beneficiaries etc. So read this article carefully to get all the important information of  Electric Mobility Promotion Scheme 2024.

EMPS Scheme 2024

 What is EMPS (Electric Mobility Promotion Scheme) 2024?

As we know that Indian Government is committed to promote the widespread adoption of electric vehicles in India. To support this commitment Government of India has launched the Electric Mobility Promotion Scheme 2024.Under this scheme financial assistance of Rs. 10,000 to Rs. 50,000 will be provided by the Government of India on the purchase of new electric vehicle. Please note that the subsidy amount can vary depending on the type of electric vehicle you are buying. The Indian Government has allotted fund of Rs. 500 crore for the seamless implementation of EMPS scheme all across the country. The Electric Mobility Promotion Scheme 2024 has been started from 2nd April 2024 and it will last for four months or till the fund last.

Objective of EMPS Scheme 2024

The Electric Mobility Promotion Scheme 2024 is started with the objective of promoting widespread adoption of electric vehicles in India. The Niti Ayog of Government of India has set the target of 30 percent of total vehicle sales to be EVs in India by the year 2030. The EMPS scheme 2024 will speed up the electric vehicle adoption in India. The financial assistance provided under this scheme will help economically weaker section of society to buy electric vehicles at much affordable price. The total budget of Rs. 500 crore is allotted by the Ministry of Heavy Industries of Government of India for the seamless implementation of this scheme.

Electric vehicles in India

Important Features of EMPS Scheme 2024

Here we are sharing the important highlights of Electric Mobility Promotion Scheme 2024.

  • The Subsidy of up to Rs. 10,000 will be provided on the purchase of electric two-wheelers. The subsidy on electric two-wheeler or electric scooters is limited for about 3.33 lakh electric two-wheelers
  • The financial assistance in the form of subsidy of up to Rs. 25,000 will be provided for the purchase of new electric rickshaw/e-rickshaw or electric cart. This subsidy will be available for about 41,000 e-rickshaws or electric carts.
  • The subsidy of up to Rs. 50,000 will be offered to the purchase of large three-wheelers.
  • The EMPS scheme is started from the 2nd April 2024 till the 31st July 2024. It means that the last date to apply under the Electric Mobility Promotion Scheme 2024 is 31st July 2024.
  • The total budget of Rs. 500 Crore is allotted for the implementation of EMPS scheme.
  • Around 3,72,215 electric vehicles are targeted to get subsidy under this scheme.
  • The priority will be given to the new electric vehicles with advance battery technologies
Application Process and Eligibility Criteria for EMPS Scheme 2024

 We would like to tell you that the Ministry of Heavy Industries of Government of India is about to issue the detailed notification about the eligibility criteria, application process, and important documents required, etc. We will update our page as soon as we get the official notification from the concerned authorities. We hope you get the detailed information about of Electric Mobility Promotion Scheme 2024. Visit our website regularly for more interesting updates of electric vehicles.

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