Centre Rolls Out INR 500 Cr Scheme To Push For E-Mobility

Centre Rolls Out INR 500 Cr Scheme To Push For E-Mobility

SUMMARY

The Centre has allocated INR 500 Cr for the new Electric Mobility Promotion Scheme 2024, which will be valid for four months till July 2024

The new special scheme for EVs aims to support 3.33 Lakh electric two-wheelers and 38,828 electric three-wheelers

The launch of the Electric Mobility Promotion Scheme 2024 comes following calls from the industry for an incentive scheme as FAME-II comes to an end on March 31

The Ministry of Heavy Industries (MHI) has announced a new scheme to promote sale of electric two- and three-wheelers. 

The Centre has allocated INR 500 Cr for the new Electric Mobility Promotion Scheme 2024, which will be valid for four months till July 2024. It is aimed at avoiding disruption in the EV ecosystem as the government’s ambitious FAME-II scheme ends on March 31.

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