The Government of India has extended the Electric Mobility Promotion Scheme (EMPS) until September 30, 2024. This scheme, originally launched on March 13, 2024, aims to promote the adoption of electric vehicles (EVs) by offering attractive subsidies. Under this scheme, EV buyers can receive up to Rs. 50,000 in subsidies. The government has allocated an increased budget of Rs. 778 crores for the scheme’s extension, which was initially planned to end on July 31, 2024, with a budget of Rs. 500 crores.
The EMPS Scheme provides direct financial support to EV buyers, encouraging more people to choose eco-friendly transportation options. Alongside this scheme, other initiatives like the FAME and Atma Nirbhar Bharat schemes are also in place to boost the electric vehicle industry in India. These efforts aim to reduce pollution and support local manufacturing, creating job opportunities and contributing to a greener future.
What is the EMPS Scheme?
The Electric Mobility Promotion Scheme 2024 (EMPS) offers financial incentives for buying electric vehicles. The government provides subsidies of Rs. 10,000 for two-wheelers, Rs. 25,000 for small three-wheelers, and Rs. 50,000 for large three-wheelers. The scheme encourages people to switch to electric vehicles, helping to reduce pollution and promote eco-friendly transportation.
Other Government Schemes Supporting EVs
FAME Scheme
The FAME (Faster Adoption and Manufacturing of Electric Vehicles) scheme supports EV manufacturers by allowing them to import necessary components. This scheme has a budget of over Rs. 15,000 crores and aims to make EV parts more affordable locally, promoting the growth of the EV industry in India.
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Atma Nirbhar Bharat Scheme
The Atma Nirbhar Bharat scheme focuses on building a strong and competitive EV manufacturing sector in India. The Phased Production Programme (PMP) under this scheme encourages the local production of EV parts and vehicles. This initiative not only supports the Prime Minister’s vision of self-reliance but also creates numerous employment opportunities for Indian citizens.
What is the eligibility for EMPS?
To qualify for the benefits under the EMPS, individuals or companies must meet the following conditions:
- Individuals: Must be Indian citizens aged 18 or above.
- Corporates and Organizations: Must be registered in India and planning to purchase EVs for official use or public transportation.
- Manufacturers: Must be involved in producing electric vehicles or EV components in India.
Additionally, the vehicle purchased should fall under the approved category (two-wheelers, three-wheelers, cars, or commercial vehicles) to avail subsidies.
Who is eligible for the EMPS subsidy?
The following groups are eligible for subsidies under EMPS 2024:
- Private Buyers: Individuals purchasing personal electric vehicles.
- Fleet Operators: Companies offering electric taxis, rentals, or public transport services.
- Public Sector Units (PSUs): Organizations switching to electric mobility for official purposes.
- Start-ups and MSMEs: Engaged in the EV manufacturing ecosystem.
- State Transport Undertakings: Seeking to deploy electric buses.
The subsidy is only applicable to electric vehicles registered under the scheme and meeting the government's emission and safety standards.
What is the last date for EMPS 2024?
The last date to apply for the Electric Mobility Promotion Scheme 2024 varies based on vehicle category and state-specific announcements. However, the central government has tentatively set December 31, 2024, as the deadline for applications under the national scheme. Some states may offer extended deadlines for localized incentives.
What is the subsidy under the EV policy?
The subsidy under the EMPS scheme depends on the type and category of the vehicle:
- Two-wheelers: Up to ₹15,000 per kWh of battery capacity (capped at 40% of vehicle cost).
- Three-wheelers and Passenger Cars: Subsidy varying from ₹50,000 to ₹1,50,000, depending on the vehicle’s performance and battery size.
- Commercial Electric Vehicles: Incentives for buses and heavy vehicles to reduce upfront costs.
- Battery Swapping Stations: Support for companies setting up EV infrastructure and battery swapping networks.
What are the two schemes of the government to promote electric vehicles in India?
- FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) Scheme:
- Provides financial incentives to buyers of electric vehicles.
- Supports the development of charging infrastructure across India.
- Production-Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC):
- Encourages domestic manufacturing of EV batteries.
- Helps reduce dependency on imported components.
What is the outlay of the EMPS scheme?
The government has allocated ₹10,000 crore for the Electric Mobility Promotion Scheme 2024. This fund will be used to provide subsidies, develop EV infrastructure, and encourage investment in the manufacturing of EV components. The outlay reflects the government’s commitment to achieving its goal of 30% electric vehicle penetration by 2030.
