Heavy Industries Minister Mahendra Nath Pandey( Photo: Heavy industries ministry’s X account)


The heavy industries ministry on Wednesday announced a new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024.


The new scheme is for 2-wheelers and 3-wheelers.

 


The second phase of FAME-II or Faster Adoption and Manufacturing of Electric Vehicles in India programme ends on March 31, 2024.

 


Announcing E-Mobility Promotion Scheme 2024 (EMPS 2024), Heavy Industries Minister Mahendra Nath Pandey said the Modi government is committed to promoting e-mobility in the country.

 


The scheme will be for four months till July 2024, the minister said.

 


Under the scheme, a support of Rs 10,000 per 2-wheeler will be provided.

 


The aim is to provide support for about 3.3 lakh 2-wheelers.

 


A support of Rs 25,000 will be given for purchase of small three-wheelers (e-rickshaw and e-carts). More than 31,000 such vehicles will be covered.

 


The financial support will be Rs 50,000 on purchase of a large three-wheeler.

 


Subsidies under the second phase of the FAME scheme will be eligible for e-vehicles sold till March 31, 2024, or till the time funds are available.

First Published: Mar 13 2024 | 7:28 PM IST

End

To Get The Latest News Update

Sign up to Our Subscription.

We don’t spam! Read our privacy policy for more info.

To Get The Latest News Update

Sign up to Our Subscription.

We don’t spam! Read our privacy policy for more info.