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Govt Extends EMPS Subsidy for Electric 2- and 3-Wheelers Until September

In order to boost the adoption of electric vehicles (EVs) across the country, the Ministry of Heavy Industries has extended the Electric Mobility Promotion Scheme (EMPS) 2024 till September 30, 2024. The EMPS subsidy scheme was initially formed to run from April 1st, 2024, to July 31st, 2024, with a total budget of Rs 500 crore. The scheme has now been extended by two more months, until September 30th, 2024. Additionally, the scheme’s outlay has also been increased to Rs 778 crore.

The revised budget allocation for each component of the scheme is as follows: –

ComponentsDescriptionTotal Fund requirement for 6 months
Subsidies/Demand Incentiveincluding IEC (Information, Education & Communication) activities and fees for Project Management AgencyRs 769.65 crore
Administration of schemeincluding IEC (Information, Education & Communication) activities and fee for Project Management AgencyRs 8.35 crore
Total Rs 778 crore
Revised Fund Allocation Under EMPS Subsidy Scheme For Electric 2- and 3-wheelers

Also Read: Union Budget 2024-25: Key Announcements For Automobile Industry

EMPS subsidy on electric scooters

The EMPS subsidy scheme now aims to support 560,789 electric vehicles (EVs) from the earlier target of 3.72 lakh. This includes 500,080 electric 2-wheelers and 60,709 electric 3-wheelers. This total covers 13,590 rickshaws and e-carts, along with 47,119 e-3Ws in the L5 category.

To promote advanced technologies, incentives will be available only for EVs with advanced batteries. The scheme is budget-limited and has specific targets for each category of EVs.

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