Context: The Central Government has recently launched the Electric Mobility Promotion Scheme 2024 (EMPS 2024) as the successor to the FAME-II scheme, which will soon expire.

• The Ministry of Heavy Industries (MHI) has boosted the FAME II budget by Rs 1,500 crore, to be used until funds deplete or by March 31.

About Electric Mobility Promotion Scheme 2024

• It aims to further accelerate the adoption of Electric Vehicles in the country.

• This is a fund limited scheme with a total outlay of Rs. 500 crore for the period of 4 months, w.e.f. 1st April 2024 till 31st July 2024.

• It is for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.

Eligible EV categories

• Two Wheelers (electric) (e-2W).

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

• With greater emphasis on providing affordable and environmentally friendly public transportation options for the masses, 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.

• To encourage advance technologies, the benefits of incentives, will be extended to only those vehicles which are fitted with advanced battery.

• Nodal Ministry: Ministry of Heavy Industries

• The scheme will support the adoption of approximately 3.7 Lakh EVs and is focused on vehicles that include advanced battery systems across specific categories like private, corporate, and commercial vehicles, including E-Rickshaws, E-Carts, and L5 Category Vehicles.

• Additionally, the Phased Manufacturing Programme (PMP) within EMPS 2024 aims to boost domestic manufacturing and strengthen the EV supply chain.