Heavy Industries Minister
The scheme underscores the government's push for electric mobility and Net Zero goals. It will allocate Rs 500 crore to support approximately 400,000 electric two-wheelers and three-wheelers over four months.
Since incentives will be extended to vehicles equipped with advanced battery technology to spur technological growth in the EV sector, the industry standards for batteries.
EMPS-subsidized electric vehicle manufacturers must ensure high localization. This program benefits both producers and consumers, promoting green mobility.