The Heavy Industries Ministry has announced the Electric Mobility Promotion Scheme 2024 to accelerate the adoption of Electronic Vehicles (EVs) in India. The Ministry said that a total outlay of 500 crore rupees will be implemented for four months under the scheme. It will run from 1st of the next month until July. It added that only electric two-wheelers (e-2W) and electric three-wheelers (e-3W) will be eligible under the scheme, including registered e-rickshaws, e-carts and L5 automobiles. Furthermore, only EVs fitted with advanced batteries will be subject to incentives to encourage the growth of advanced technologies.

The Ministry has estimated that the scheme will help over 3 lakh 72 thousand EVs. The Ministry hopes it will promote faster adoption of electric vehicles and provide further impetus to the green mobility and development of the EV manufacturing eco-system in the country.