Abstract:

The Electric Mobility Promotion Scheme- 2024, with an outlay of Rs.500 crore, is proposed to be implemented
over a period of 4 months, w.e.f. 1st April 2024 till 31st July 2024, for faster adoption of electric two wheeler (e2W) 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.The components of the scheme includes (a) Subsidies: Demand incentives for e-2W & e-3W, and
b) Administration of Scheme including IEC (Information, Education & Communication) activities and fee for project management agency (PMA).