The government has announced the extension of the Electric Mobility Promotion Scheme (EMPS) by a further two months. EMPS, which was to come to an end by July 31, has now been extended to September 30. Also, the budget for EMPS has been extended from Rs 500 crore to Rs 778 crore.
Electric Mobility Promotion Scheme: What is it?
The Electric Mobility Promotion Scheme was initially introduced in April 1, 2024, to promote the adoption of electric two-wheelers and three-wheelers. The scheme was announced to support the growth of the electric vehicle manufacturing ecosystem as well. The scheme is targeted to support 5,60,789 electric vehicles, out of which 5,00,080 are two-wheelers and 60,709 are three-wheelers.
The EMPS 2024 comes after the Faster Adoption and Manufacturing of Hybrid and Electric Vehicle (FAME) II program came to an end in March 2024, which saw 13.65 lakh two-wheelers being subsidised over three years. When FAME II ended, many EV makers saw a dip in sales and now with EMPS also coming to an end in September, we will have to wait to see a long-term solution for the electric mobility ecosystem in India.
