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GoI Introduced new EMPS 2024 scheme from 1st April, after FAME-II

Published on April 03, 2024
Current Context: The Government of India has introduced a new scheme called the Electric Mobility Promotion Scheme 2024 (EMPS 2024). This scheme came into effect from April 1, 2024, following the end of the FAME-II scheme.
GoI Introduced new EMPS 2024 scheme from 1st April, after FAME-II
  • Here are some key details about the EMPS 2024:
    • The scheme has a total outlay of INR 500 crore.
    • It aims to support 3,72,215 electric vehicles (EVs) by July 31, 2024.
    • The scheme offers support of up to INR 10,000 per two-wheeler for about 3.33 lakh two-wheelers.
    • For small three-wheelers (e-rickshaws and e-carts), the scheme provides up to INR 25,000 subsidy for over 41,000 such vehicles.
    • The financial support will be up to INR 50,000 in the case of a large three-wheeler.
    • The scheme is designed to boost the adoption of electric two-wheelers and three-wheelers from April 1 to July 31, 2024.
    • It is aligned with the Atmanirbhar Bharat initiative and focuses on fostering a competitive and resilient EV manufacturing industry in India.
    • The FAME-II scheme, which preceded EMPS 2024, had an outlay of INR 10,000 Crore for 3 years from April 1, 2019.
    • It aimed to generate demand by supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e-2 Wheelers.
    • The FAME-II scheme provided subsidies for electric vehicles and created EV charging infrastructure.

Question:

Q.1 When did the Electric Mobility Promotion Scheme 2024 (EMPS 2024) come into effect?
a. April 1, 2023
b. April 1, 2022
c. July 31, 2024
d. April 1, 2024
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