The Electric Mobility Promotion Scheme 2024 will support 3.72 lakh electric vehicles with Rs 493.55 crore from April to July. The Ministry of Heavy Industries aims to support 3,72,215 electric vehicles, including e-two-wheelers and e-rickshaws. EMPS 2024 promotes green mobility and electric vehicle manufacturing by offering incentives and setting category-wise limits. This support applies to L5 vehicles sold and registered by July 31, 2024, or until the funds run out.

The government announced on Tuesday that up to 3.72 lakh electric vehicles will be supported under the four-month Electric Mobility Promotion Scheme (EMPS) from April to July, with a budget of Rs 493.55 crore. EMPS 2024 aims to boost green mobility and the growth of the country's electric vehicle manufacturing ecosystem.

The scheme will support a maximum of 3,72,215 electric vehicles, including 3,33,387 electric two-wheelers, 13,590 e-rickshaws or e-carts, and 25,238 electric three-wheelers in the L5 category, as reported by the Ministry of Heavy Industries.

"EMPS 2024 is fund limited, with a restricted number of vehicles and a term-limited Scheme, i.e., the subsidies for demand incentive are eligible for e-2w and e-3w sold and registered until the funds are available or the number of vehicles supported reaches the maximum number defined category-wise (shown in para above) or until July 31, 2024, whichever comes first," the ministry stated.