Electric Mobility Promotion Scheme
Electric Mobility Promotion Scheme: Do you also want to buy an electric vehicle, then now the government will give you full financial assistance ranging from Rs10,000 to Rs50,000 and that is why we will give you a detailed report regarding the Electric Mobility Promotion Scheme in this article. We will tell you about which we will provide complete detailed information, till the end of which you will have to read this article.
In this article, we will not only tell you in detail about the Electric Mobility Promotion Scheme, but we will also tell you in detail about the fundamental objectives of the Electric Mobility Promotion Scheme, to get complete detailed information of which you will have to stay with us so that you can understand completely – To get complete information and
Overview
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Electric Mobility Promotion Scheme |
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Eligibility Criteria
Before applying for the EMPS Scheme, make sure you fulfill all the eligibility criteria mentioned below:
- Only two and three-wheelers are eligible for this scheme.
- Even though the government is providing incentives for the e2W and e3W categories, the new plan will not provide any incentives of this kind for e4W and e-buses.
About Scheme
- For all our youth who are going to buy electric vehicles, the Central Government has launched the “Electric Mobility Promotion Scheme” which has been launched by the Central Government only for 4 months, under which if you buy an electric vehicle If you buy a vehicle, you will be provided a full benefit of Rs 50,000 and so that you can avail the benefits of this scheme and plan, we will tell you in detail about the report prepared regarding Electric Mobility Promotion Scheme.
- Along with this, we want to tell you that the Electric Mobility Promotion Scheme has been launched by the Central Government, the basic objective of which is to promote electric mobility in the country. “The Ministry of Heavy Industry” has launched a new scheme. Has been launched under which the entire amount of Rs500 crore will be spent by the Central Government from April 2024 to July 2024.
Benefits
The following are the benefits of the Electric Mobility Promotion Scheme:
- The government’s efforts to advance electric mobility and meet Net Zero goals are demonstrated by the new program.
- Over four months, the allotted Rs 500 crore will be used to assist about 400,000 e2W and e3W.
- In response to growing demand and to lessen the financial strain on electric vehicle manufacturers, the government has reduced the maximum subsidy threshold for e2W vehicles from Rs 22,500 to Rs 10,000, and for e3W vehicles from Rs 111,505 to Rs 50,000. Rs 5,000 per kilowatt-hour (kWh) would be given as an incentive to both types of vehicles.
- For the EMP scheme 2024, the Union government has allotted Rs https://heavyindustries.gov.in/gazette-notification-electric-mobility-promotion-scheme-2024-reg 500 crores.
Key Features
Some of the key features of the EMPS Scheme are mentioned below:
- The scheme aims to support the industry and get it ready for a post-subsidy environment.
- The program will run for four months starting on April 1.
- The purpose of the special program is to boost sales of electric rickshaws, two-wheelers, and three-wheelers.
- The goal of the government is to assist roughly 3.3 lakh motorcycles. A financial help of Rs10,000 for each two-wheeler would be given under the initiative.
- Under the program, the government intends to cover around 31,000 tiny three-wheelers (e-rickshaws and e-carts) and would give Rs25,000 in funding to help with their purchase.
- A Rs50,000 financial support will be given for the purchase of a big three-wheeler.
- The incentive for electric two-wheelers under the Electric Mobility Promotion Scheme 2024 has been lowered from Rs22,500 to Rs10,000.
- The incentive for electric three-wheelers has been set at Rs50,000 for vehicles with larger batteries and Rs25,000 for e-rickshaws.
Important Links
Required Documents
Following are the documents required for the scheme.
- Applicants Aadhar Card
- Passport size Photograph
- PAN Card
- Mobile number
How to Apply
If you are willing to apply for the Electric Mobility Promotion Scheme, follow the steps below for the application process.
- Go to the official website of the EMPS Scheme.
- On the home screen, go to the Apply Here option and click on it.
- A new page will open before you, enter all the required details carefully.
- Upload the necessary documents.
- Click on the submit option.
- Save the application form in PDF format for later use.
FAQ
- Which scheme promotes Electric Vehicles?
The Government notified Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme for a period of five years commencing from 1st April 2019 to reduce dependency on fossil fuel and to address issues of vehicular emissions with a total budgetary support of Rs. 10,000 crores.
- What is the electric mobility policy in India?
The government of India has backed an extensive program for transport electrification through the implementation of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) schemes (I and II), the reduction of the Goods and Services Tax (GST) on EVs to 5%, and an income tax exemption of up to INR …