Electric Mobility Promotion Scheme 2024
The Indian government has launched a new scheme called the Electric Mobility Promotion Scheme 2024 (EMPS 2024) to encourage people to buy electric scooters with Massive Discounts on Electric Scooters. This scheme comes as a replacement for the FAME-II subsidy program, which has now ended. The aim of the EMPS 2024 scheme is to help more people switch to electric scooters, which are better for the environment.
Electric Mobility Promotion Scheme 2024 (EMPS 2024) Overview
| Scheme Name | Electric Mobility Promotion Scheme 2024 (EMPS 2024) |
|---|---|
| Launch Date | April 1, 2024 |
| End Date | July 31, 2024 |
| Total Fund Allocation | ₹500 crores |
| Expected EV Purchases Support | Approximately 3,72,215 electric vehicles |
| Government Subsidy Amount | ₹10,000 per electric scooter |
| Approved EV Manufacturers | Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, TVS Motor, Quantum Energy, Hop Electric, Kinetic Green, Biggos Auto, TAI Clean Mobility, Mahindra |
Limited-Time Fund for Electric Vehicles
The EMPS 2024 scheme will be available for a limited time, starting from April 1, 2024, to July 31, 2024. The government has set aside ₹500 crores to help people buy electric vehicles, especially electric scooters. During this period, the scheme aims to support the purchase of around 3,72,215 electric vehicles by providing financial assistance.
Approval for 11 Electric Scooter Brands
The government has approved 11 electric scooter manufacturers to participate in the EMPS 2024 scheme. These include well-known brands like Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, TVS Motor, and others. These approved manufacturers will offer electric scooters that are eligible for a government subsidy of ₹10,000 to consumers.
₹10,000 Subsidy for Electric Scooter Buyers
One of the main benefits of the EMPS 2024 scheme is the ₹10,000 subsidy offered to people buying electric scooters. This subsidy makes electric scooters more affordable for consumers, making it easier for them to choose an eco-friendly mode of transportation.
Why Choose an Electric Scooter?
Electric scooters are gaining popularity because they are not only eco-friendly but also cost-effective in the long run. They require less maintenance compared to traditional petrol-powered scooters and help reduce air pollution. With the government’s support through the EMPS 2024 scheme, more people are expected to make the switch to electric scooters.
Conclusion
The Electric Mobility Promotion Scheme 2024 (EMPS 2024) is a new initiative by the Indian government to promote the adoption of electric scooters and reduce pollution. With a focus on making electric scooters more affordable through subsidies, the government is encouraging people to embrace cleaner and greener transportation options.
With the EMPS 2024 scheme, the government hopes to make a significant impact on reducing carbon emissions and promoting sustainable transportation in India.
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