Centre announces Rs 500 cr scheme to promote e-mobility
The second phase of FAME-II or Faster Adoption and Manufacturing of Electric Vehicles in India programme ends on 31 March, 2024.
PTI
New Delhi, 13 March
The Central government on Wednesday
announced a new scheme to promote e-mobility in the country with an outlay of
Rs 500 crore for four months beginning April 2024. The new scheme is for
2-wheelers and 3-wheelers.
The second phase of FAME-II or
Faster Adoption and Manufacturing of Electric Vehicles in India programme ends
on 31 March, 2024.
Announcing Electric-Mobility
Promotion Scheme 2024 (EMPS 2024), Heavy Industries Minister Mahendra Nath
Pandey said the Modi government is committed to promoting e-mobility in the
country. The scheme will be for four months till July 2024, the minister said.
Under the scheme, a support of up
to Rs 10,000 per 2-wheeler will be provided. The aim is to provide support for
about 3.33 lakh 2-wheelers.
A support of up to Rs 25,000 will
be given for purchase of small three-wheelers (e-rickshaw and e-carts). More
than 41,000 such vehicles will be provided the incentive under the scheme.
The financial support will be up to
Rs 50,000 on purchase of a large three-wheeler.
Subsidies under the second phase of
the FAME scheme will be eligible for e-vehicles sold till March 31, 2024, or
till the time funds are available.
Earlier in the day, Ministry of
Heavy Industries (MHI) and the Indian Institute of Technology, Roorkee signed a
Memorandum of Understanding to work together to encourage innovation and
advance the automotive and electric vehicle (EV) sector. "This MoU
represents a joint effort to launch advanced initiatives for creating a Centre
of Excellence (CoE) and an Industry Accelerator at IIT Roorkee under the Scheme
for Enhancement of Competitiveness in the Indian Capital Goods Sector Phase II
of MHI," an official release said.
The collaboration seeks to utilise
the combined knowledge and resources of both organizations to support
groundbreaking projects that will influence the future of transportation.
With a total grant of Rs 19.87
crore provided by MHI and an additional Rs 4.78 crore contributed by industry
partners, the total project cost is Rs 24.66 crore.
Leave a Reply
Your email address will not be published. Required fields are marked *