EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased
The central government has extended the 'Electric Mobility Promotion Scheme 2024' by two months, till September 30, 2024, according to a statement from the Ministry of Heavy Industries, which added that the total outlay for the scheme has also now been increased to ₹778 crore from ₹500 crore earlier. Ola Electric is India's bestselling two-wheeler EV brand {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} What is the Electric Mobility Promotion Scheme 2024? {{^usCountry}} {{/usCountry}} The Electric Mobility Promotion Scheme 2024 was launched by the Ministry of Heavy Industries on March 13, 2024, for boosting the adoption of electric vehicles across the country after the Faster Adoption & Manufacturing of Electric Vehicles subsidy scheme would go on to lapse on March 31, 2024. Ather Energy, Bajaj Auto, Ola Electric, Hero Motocorp, TVS, and Kinetic Green are among the companies that have gotten approvals to claim EMPS subsidy, according to an Economic Times report, which added that subsidies per unit for two and three-wheeler EVs are now scaled down to less than half of what they were under FAME.
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