Centre Announces Scheme to Promote Sale of Electric Two Wheelers

According to Heavy Industries Minister Mahendra Nath Pandey, Rs 500 crore is being allocated for the Electric Mobility Promotion Scheme (EMPS), 2024 to promote sale of electric two wheelers. This scheme is valid for four months from April 1 onwards. “We are committed to the growth of electric vehicles in the country and will keep encouraging their sales,” he said while announcing the scheme.

This new initiative replaces the ongoing Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME II) scheme which lapses on March 31, 2024. “Companies will need to register under the new programme to be eligible for getting subsidies,” a senior government official told ET. The existing registration under FAME II scheme will not be valid for the coming programme. The window for fresh registrations opens from April 1 onwards. There are presently 192 electric vehicle (EV) models being subsidised under FAME II which is focused on supporting sale of locally made products.