The Indian government announced the launch of the Electric Mobility Promotion Scheme (EMPS) on March 13. This new scheme aims to boost the sales of electric vehicles (EVs) by providing subsidies to buyers, thereby promoting the use of eco-friendly transportation.
Government Continues Subsidies for Electric Vehicles, Boosting Sales and Sustainability
Replacing the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme, which is set to expire on March 31, 2024, EMPS will now take its place. Under this scheme, subsidies of ₹10,000 will be offered for electric two-wheelers, electric three-wheelers, and e-rickshaws.
Unlike the previous FAME-II scheme, where the subsidy for electric two-wheelers was reduced from ₹22,500 to ₹10,000, EMPS continues to provide the same subsidy amount. This initiative by the government is expected to increase the sales of electric vehicles, leading to reduced pollution and enhanced energy usage efficiency.
EMPS Scheme Continues Government Support for Electric Vehicles, Reinforcing Commitment to Sustainability
Previously, the FAME-II scheme provided subsidies to encourage the adoption of electric vehicles. These subsidies played a crucial role in boosting the sales of electric vehicles and contributed to reducing pollution levels and promoting energy efficiency.
Overall, the implementation of the EMPS scheme underscores the government’s commitment to promoting sustainable transportation solutions and reducing the carbon footprint in the country.