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: –
| Components | Description | Total Fund requirement for 6 months |
| Subsidies/Demand Incentive | including IEC (Information, Education & Communication) activities and fees for Project Management Agency | Rs 769.65 crore |
| Administration of scheme | including IEC (Information, Education & Communication) activities and fee for Project Management Agency | Rs 8.35 crore |
| Total | Rs 778 crore |
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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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