March
Electric Mobility
Centre announces new scheme to subsidise electric two and three wheelers
Author
Riddhi Mukherjee
Notable because
The newly announced Electric Mobility Promotion Scheme (EMPS), with a validity period of four months, comes as an interim successor to FAME–II, which ended on March 31, 2024. The EMPS, with an INR 500 crore outlay, drives demand and manufacturing through incentives and advanced battery provisions. It focuses on deepening e2ws and e3ws (including cargo) markets, which cumulatively recorded ~95% market share in FY24. However, EMPS offers a lower per-unit
What to look out for in the months ahead
To better comply with localisation norms, the EMPS will disburse subsidies based on a phased manufacturing programme. How will this work out in tandem with the production-linked incentives (PLIs) provided to the zero-emissions automobile sector as well as advanced cell chemistry?