New Delhi: In a major push towards green mobility, the Ministry of Heavy Industries has announced the Electric Mobility Promotion Scheme (EMPS) – 2024 through a gazette notification (1334 E) dated March 13, 2024. The scheme, aimed at bolstering the electric vehicle (EV) manufacturing ecosystem in India, will run from April 1, 2024, to July 31, 2024, with a financial outlay of Rs. 500 crore.
The EMPS 2024 is designed to support a specific number of electric vehicles within the four-month duration. The fund allocation and the maximum number of vehicles to be supported are as follows:
| S. No. | Component/ Categories of Vehicles | Maximum Number of EVs to be Supported | Total Outlay (Rs. In Crore) |
|---|---|---|---|
| 1 | e-2W | 3,33,387 | 333.39 |
| 2 | e-3W: e-Rickshaw/ e-Cart | 13,590 | 33.97 |
| 3 | e-3W: L5 | 25,238 | 126.19 |
| Total | 3,72,215 | 493.55 |
The EMPS 2024 is a fund-limited and term-restricted scheme, meaning that subsidies for demand incentives are available only for e-2W and e-3W sold and registered until the funds are depleted, the maximum number of vehicles per category is reached, or the scheme ends on July 31, 2024, whichever comes first. All eligible EVs must be manufactured and registered within the validity period of the EMPS 2024 certificate.
The total payout under the demand incentive is capped at Rs. 493.55 crore. If the allocated funds or the sub-component funds are exhausted before the scheme’s end date, the scheme or the affected sub-components will be closed, and no further claims will be processed. Claims under the EMPS 2024 will be processed on a first-come, first-served basis.
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