FAME-II e-mobility scheme ends as Rs 500 crore EMPS 2024 kick starts on April 1: Segment-wise outlay, benefits


India's fast-growing electric mobility sector is poised for change as rapid adoption and manufacturing electric vehicles ,fame-ii)The program ends on March 31, 2024 EVS Items sold after March will continue to receive benefits until funds are available. Additionally, to further drive EV uptake, the central government's new Electric Mobility Promotion Scheme 2024 (emps 2024) is effective from today. Let's take a look at the benefits under the new program.
EMPS 2024: Segment-wise benefits
With a total outlay of Rs 500 crore, EMPS 2024 focuses on providing subsidy on purchase of power two wheelers (e-2Ws) and electric three wheeler (e-3Ws) for four months, from April to July 31, 2024.

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The scheme provides a subsidy of up to Rs 10,000 per e-two-wheeler, targeting the purchase of approximately 3.33 lakh electric scooters and motorcycles.
On the other hand, the scheme offers a higher subsidy of Rs 25,000 for small e-three-wheelers and a maximum of Rs 50,000 for larger vehicles, aiming to benefit over 41,000 vehicles.
While the EMPS has a limited time frame of 2024, it provides an important bridge as the government plans and implements its next phase of e-mobility. Objective. The program aims to facilitate the procurement of 3,72,215 electric vehicles (EVs), including 3,33,387 electric two-wheelers (E-2W) and 38,828 electric three-wheelers (E-3W), including 13,590 rickshaws and e-rickshaws. Are. Trains with 25,238 E-3W in L5 category. It is important to note that the incentives will be given exclusively to vehicles that are equipped with advanced battery systems.
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