Electric Mobility Promotion Scheme 2024

In March 2024, the Ministry of Heavy Industries (MHI) launched EMPS 2024 to accelerate electric vehicle (EV) adoption in India.

Background

  • Follows a review of FAME II (2019), which succeeded FAME I (2015).
  • Fund-limited scheme with a Rs. 500 crore outlay for four months (April 1 – July 31, 2024).

Objectives and Scope

  • Focuses on promoting electric two-wheelers (e-2W) and three-wheelers (e-3W).
  • Targets support for 3.72 lakh EVs (3.33 lakh e-2Ws and 0.38 lakh e-3Ws).
  • Prioritizes commercially registered EVs but also extends benefits to corporate and private e-2Ws.
  • Only advanced battery EVs qualify for incentives.

Key Features

  • Demand incentives in the form of an ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Current Affairs