Electric Mobility Promotion Scheme- 2024

Mar 14, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry of Heavy Industries (MHI) on March 13, 2024, issued the Electric Mobility Promotion Scheme- 2024.

The following has been stated: -

•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. April 01, 2024, till July 31, 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 scheme is proposed to be implemented through the following components: 

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).

•An inter-ministerial empowered committee viz. PISC headed by the Secretary (Heavy Industries) is constituted for overall monitoring, sanctioning, and implementation of the Electric Mobility Promotion Scheme- 2024 as well as to remove any obstacles/ difficulties that may arise in the implementation stage.

•For smooth operation & implementation of the Electric Mobility Promotion Scheme- 2024, there will be a need for knowledge partners/ technical expertise and logistics support including a web portal. The scheme would also require adequate Information, Education & Communication (IEC) activity. For this purpose, an outlay of Rs.6.45 crore is earmarked

URL: https://pib.gov.in/PressReleasePage.aspx?PRID=2014366

The detailed scheme is given in the document attached below.

[Notification No. S.O. 1334(E)]


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