CrackitToday App

Electric Mobility Promotion Scheme 2024

Electric Mobility Promotion Scheme 2024:

Electric Mobility Promotion Scheme 2024 aims to further accelerate the adoption of Electric Vehicles in the country. It is a fund limited scheme with a total outlay of Rs. 500 crore for the period of 4 months.

  • It is for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.
  • Eligible EV categories
    • Two Wheelers (electric) (e-2W)
    • Three-wheeler (electric) including registered e-rickshaws & e-carts and L5 (e-3W)
    • The scheme will be applicable mainly to those e-2W and e-3Ws registered for commercial purposes. Further, in addition to commercial use, privately or corporate owned registered e-2W will also be eligible under the scheme.
  • To encourage advance technologies, the benefits of incentives, will be extended to only those vehicles which are fitted with advanced battery.
  • Nodal Ministry: Ministry of Heavy Industries