The Narendra Modi government has extended the Electric Transport Incentive Scheme (EMPS) for two more months.
Along with this extension, the total budget for the scheme has been increased to Rs 778 crore.
This scheme was initially launched by the Ministry of Heavy Industries in March to promote the use of electric vehicles (EVs) in India.
Originally, the EMPS was set to run from April 1, 2024, to July 31, 2024, with a budget of Rs 500 crore. Now, the government has expanded its scope.
Aim of the Scheme
The EMPS scheme targets electric two-wheelers and three-wheelers, including registered e-rickshaws and e-carts.
It focuses on providing affordable and eco-friendly public transport options.
The scheme primarily applies to e-two-wheelers and e-three-wheelers registered for commercial purposes.
Additionally, registered e-two-wheelers owned by private or corporate owners are also eligible.
Support for Over 5 Lakh EVs
The extended scheme now aims to support 5,60,789 electric vehicles (EVs), including 500,080 electric two-wheelers (e-2W) and 60,709 electric three-wheelers (e-3W).
This includes 13,590 rickshaws and e-carts, as well as 47,119 e-3Ws in the L5 category.
Incentives will only be available for electric vehicles equipped with upgraded batteries to promote advanced technologies.
The scheme is fund-limited.
Focus on Self-Reliance
The EMPS scheme aims to promote an efficient, competitive, and sustainable electric vehicle manufacturing industry in India,
supporting the Prime Minister’s vision of Aatmanirbhar Bharat.
A Phased Manufacturing Programme (PMP) has been adopted to encourage domestic manufacturing and strengthen the electric vehicle supply chain.
This initiative will also create significant employment opportunities across the value chain.
