Explanation:

All statements are correct.

Electric Mobility Promotion Scheme, 2024

• The union government recently announced Electric Mobility Promotion Scheme (EMPS) 2024 to promote the sale of electric two- and three-wheelers.

• Electric Mobility Promotion Scheme, 2024 is a fund limited scheme for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W).

• It aims to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.

• The programme also aims to spur localisation of EV components while also driving sales up.

• The scheme is valid for 4 months from April 1 onwards.

• It is applicable only to the electric two-wheeler and three-wheeler.

Eligible EV categories

• Two Wheelers (electric) (e-2W)

• Three-wheeler (electric) including registered e-rickshaws & e-carts and L5 (e-3W)

• 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.

• It is an initiative of The Ministry of Heavy Industries, in collaboration with the Department of Expenditure, Ministry of Finance.

• Under the scheme, financial support of Rs 10,000 per two-wheeler and Rs 50,000 for three-wheeler will be provided.

Hence option 3rd is correct.