Published on 26 Mar 2025
• Recently, the Ministry of Heavy Industries launched the Electric Mobility Promotion Scheme 2024.
• The scheme aims to accelerate the adoption of Electric Vehicles in the country.
• Under this scheme financial assistance is provided with a subsidy of Rs 5,000 per kilowatt-hour of battery capacity.
• It mainly focuses on electric two-wheelers (e- 2W) and three-wheelers (e-3W).
• The scheme is a fund-limited initiative with a total outlay of Rs. 500 crore for a period of 4 months, starting from 1st April 2024 till 31st July 2024.
Electric Mobility Promotion Scheme
transaport
transportation
road transport