Electric Mobility Promotion Yojana 2024 : Online Registration, Documents, Eligibility, Benifits And Last Date

Electric Mobility Promotion Yojana 2024 : Online Registration, Documents, Eligibility, Benifits And Last Date

Electric Mobility Promotion Yojana 2024 : The Indian government has introduced a fresh initiative aimed at boosting the market for electric two- and three-wheelers. The Minister of Heavy Industries disclosed that Rs 500 crore will be allocated for the EMPS Scheme in 2024. Scheduled to commence on April 1, the program will span four months. For further details on the Electric Mobility Promotion Scheme, please refer to the article below.

Electric Mobility Promotion Yojana 2024

The government has introduced a fresh initiative aimed at promoting the adoption of electric two- and three-wheelers. The Electric Mobility Promotion Scheme (EMPS) 2024, spanning four months, will run until July 2024. Set to commence on April 1, the scheme is designed to incentivize the use of electric rickshaws, motorcycles, and three-wheelers.

Electric Mobility Promotion Yojana Objective

The EMPS Scheme, initiated on March 13, has the objective of fostering e-mobility nationwide. In February 2024, the government augmented funding for the Faster Adoption & Manufacturing of Electric Vehicles in India (FAME-II) program from Rs 10,000 crore to Rs 11,500 crore. Electric vehicles including two-wheelers, three-wheelers, and four-wheelers sold until March 31, 2024, or until the funds are depleted, whichever occurs earlier, are eligible to receive demand incentive subsidies.

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Electric Mobility Promotion Yojana Benefits

The Electric Mobility Promotion Scheme offers several benefits:

– Demonstrating the government’s commitment to advancing electric mobility and achieving Net Zero goals.

– Allocation of Rs 500 crore over four months to support approximately 400,000 e2W and e3W vehicles.

– Reduction of maximum subsidy thresholds for e2W vehicles from Rs 22,500 to Rs 10,000, and for e3W vehicles from Rs 111,505 to Rs 50,000, in response to increasing demand and to ease financial burden on electric vehicle manufacturers.

– Provision of Rs 5,000 per kilowatt-hour (kWh) as an incentive for both e2W and e3W vehicles under the EMP scheme for 2024, with the Union government allocating ₹500 crore for the initiative.

Electric Mobility Promotion Scheme Features 

Below are some of the notable features of the EMPS Scheme:

1. Aimed at assisting the industry in transitioning to a post-subsidy era.

2. Scheduled to operate for a duration of four months commencing on April 1.

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3. Specifically designed to stimulate the sales of electric rickshaws, two-wheelers, and three-wheelers.

4. Government’s objective includes supporting approximately 330,000 motorcycles with a subsidy of ₹10,000 per two-wheeler.

5. Encompassing about 31,000 small three-wheelers (e-rickshaws and e-carts) within the program, offering a funding of ₹25,000 towards their procurement.

6. Offering a financial assistance of ₹50,000 for the purchase of larger three-wheelers.

7. Reduction in the incentive for electric two-wheelers under the Electric Mobility Promotion Scheme 2024 from ₹22,500 to ₹10,000.

8. Establishment of incentives for electric three-wheelers at ₹50,000 for vehicles equipped with larger batteries and ₹25,000 for e-rickshaws.

Electric Mobility Promotion Yojana 2024 Documents 

The following documents are necessary for the scheme:

1. Applicant’s Aadhar Card

2. Passport-sized Photograph

3. PAN Card

4. Mobile Number

Eligibility Electric Mobility Promotion Yojana

Ensure that you meet all the eligibility requirements outlined below before applying for the EMPS Scheme:

1. Only two-wheelers and three-wheelers qualify for this scheme.

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2. While the government offers incentives for electric two-wheelers and three-wheelers, the scheme does not extend these incentives to electric four-wheelers and e-buses.

How To Apply Eligibility Electric Mobility Promotion 2024

To apply for the Electric Mobility Promotion Scheme, adhere to the following steps:

1. Visit the official website of the EMPS Scheme.

2. Navigate to the “Apply here” option on the home screen and select it.

3. Fill in all the required details accurately on the subsequent page.

4. Upload the necessary documents as specified.

5. Proceed to submit your application.

6. Save a copy of the application form in PDF format for future reference.

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