Govt announces Rs 500 cr scheme to promote e-mobility

Under the scheme, a support of up to Rs 10,000 per 2-wheeler will be provided. The aim is to provide support for about 3.3 lakh 2-wheelers.A support of up to Rs 25,000 will be given for purchase of small three-wheelers e-rickshaw and e-carts.

The heavy industries ministry on Wednesday announced a new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024.

The new scheme is for 2-wheelers and 3-wheelers.

The second phase of FAME-II or Faster Adoption and Manufacturing of Electric Vehicles in India programme ends on March 31, 2024.

Announcing Electric Mobility Promotion Scheme 2024 (EMPS 2024), Heavy Industries Minister Mahendra Nath Pandey said the Modi government is committed to promoting e-mobility in the country.

The scheme will be for four months till July 2024, the minister said. Under the scheme, a support of up to Rs 10,000 per 2-wheeler will be provided. The aim is to provide support for about 3.3 lakh 2-wheelers.

A support of up to Rs 25,000 will be given for purchase of small three-wheelers (e-rickshaw and e-carts). More than 41,000 such vehicles will be provided the incentive under the scheme.

The financial support will be up to Rs 50,000 on purchase of a large three-wheeler.

Subsidies under the second phase of the FAME scheme will be eligible for e-vehicles sold till March 31, 2024, or till the time funds are available.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)