Camozzi
Camozzi

Your future advertising space? Our media data

Absolent
Absolent

Your future advertising space? Our media data

Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024
.

Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024

March 14, 2024 12:59 pm

With a budget of Rs. 500 crore, the Electric Mobility Promotion Scheme will run from April 1st to July 31st, 2024, focusing on electric two-wheelers (e-2W) and three-wheelers (e-3W). Designed to boost green mobility, it aims to promote domestic electric vehicle manufacturing.

The Ministry of Heavy Industries, Government of India, has unveiled the Electric Mobility Promotion Scheme 2024 (EMPS 2024) with a total budget of Rs. 500 crore. This scheme, set to run from April 1st to July 31st, 2024, aims to expedite the adoption of electric vehicles (EVs) across the country, particularly focusing on electric two-wheelers (e-2W) and three-wheelers (e-3W). EMPS 2024 targets to support 3,72,215 EVs, including 3,33,387 e-2Ws and 38,828 e-3Ws, which encompasses registered e-rickshaws, e-carts, and those falling under the L5 category. The scheme emphasizes providing affordable and environmentally friendly public transportation options, especially for commercial purposes, while also extending benefits to privately or corporately owned e-2Ws.

EMPS 2024 comprises two primary components: Subsidies/Demand Incentive and Administration of Scheme. The former, with an allocation of INR 493.55 crore, provides incentives for electric 2Ws and 3Ws, including registered e-rickshaws, e-carts, and those in the L5 category. The latter, requiring INR 6.45 crore, covers Information, Education & Communication (IEC) activities and fees for Project Management Agency for efficient scheme administration. Notably, incentives will be extended only to vehicles equipped with advanced battery technologies, incentivizing the adoption of cutting-edge solutions.

Advertising

OEM Android App

Your future advertising space? Our media data

Aligned with the vision of Aatma-Nirbhar Bharat, EMPS 2024 aims to promote an efficient, competitive, and resilient EV manufacturing industry in the country. The adoption of Phased Manufacturing Programme (PMP) encourages domestic manufacturing and strengthens the EV supply chain, fostering significant employment opportunities across the value chain. The Ministry of Heavy Industries will issue the notification and guidelines for EMPS 2024 separately, signaling a concerted effort to drive the transition towards sustainable and indigenous electric mobility solutions in India.

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Webinar
Webinar

Your future advertising space? Our media data

OEM Update QR Code
OEM Update QR Code

Events

ChemPro Tech India
ChemPro Tech India
Intralogistics and Warehousing Expo
Intralogistics and Warehousing Expo
Metal Forming Expo
Metal Forming Expo
amtex
amtex
Fastener Fair India
Fastener Fair India
Himtex 2024
Himtex 2024
World of Photonics India
World of Photonics India
IFFE Expo
IFFE Expo
India Essen Welding and Cutting Expo
India Essen Welding and Cutting Expo

eMagazine April 2024

eMagazine April 2024
eMagazine April 2024

Your future advertising space? Our media data

Our Sponsors

Carl Zeiss India
Carl Zeiss India
STMCNC
STMPC
Lakshmi Machine Works Limited
Lakshmi Machine Works Limited
BR Automation
BR Automation
Pragati Gears
Pragati Gears
Pilz India
Pilz India
Fuji Electric India
Fuji Electric India
Testo-India
Testo-India
AMF
AMF
Bibus India
Bibus India
Mallcom
Mallcom
HPL Electric Power
HPL Electric Power
PMT Machines Ltd
PMT Machines Ltd
Igus India Pvt Ltd
Igus India Pvt Ltd
Sdtronics
Sdtronics
Vega India Level Ltd
Vega India Level Ltd
Wago Pvt Ltd
Wago Pvt Ltd
Mecc alte
Mecc alte
Hosabettu Heavy Machinery LLP
Hosabettu Heavy Machinery LLP
Chicago Pneumatic Tools
Chicago Pneumatic Tools
Concord Hydraulics
Concord Hydraulics
Fenwick and Ravi
Fenwick and Ravi
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Radicon Powerbuild
Radicon Powerbuild
Mennekes
Mennekes
Red Lion
Red Lion
EAPL
Red Lion
Endress Houser
Endress Houser
Premium
Premium
KEJE Electric
KEJE Electric
Sterling Engineering
Sterling Engineering
Fietest
httpswww.fietest.com
J K Machines
J K Machines
Filtermist
Filtermist
Exor
Exor
IMTMA
IMTMA
Prostarm
Prostarm
Wika Instruments India
Wika Instruments India