March 14, 2025 02:07 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
In a setback for Donald Trump, US judge orders federal agencies to rehire fired workers: Report | 'We will thwart conspiracies hatched by Centre': Revanth Reddy on delimitation exercise | Chennai doctor, his wife along with two sons die by suicide due to huge debt: Cops | Amid language debate, Tamil Nadu drops rupee symbol in state budget | Scientist killed in assault by neighbour over parking argument in Mohali | British woman tourist raped in Delhi hotel by man she befriended on social media | Gold smuggling case: Court restrains media from publishing, telecasting defamatory statements against Ranya Rao | Trump warns Putin of 'devastating' financial impacts if Russia blocks Ukraine ceasefire | 'People are going to Russia right now as we speak: Donald Trump on Ukraine war ceasefire talks | Pakistani army claims to have freed all hostages in passenger train siege; 28 personnel killed
Photo Courtesy: Pixabay

Govt launches Rs 500 cr scheme to bolster e-mobility ahead of expiration of FAME II

| @indiablooms | Mar 14, 2024, at 04:28 am

New Delhi: The Ministry of Heavy Industries on Wednesday launched a new plan aimed at fostering e-mobility nationwide and allocated Rs 500 crore for a four-month period starting from April 2024.

This latest scheme targets the promotion of electric 2-wheelers and 3-wheelers.

As the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) program concludes on March 31, 2024, Minister Mahendra Nath Pandey introduced the E-Mobility Promotion Scheme 2024 (EMPS 2024), affirming the government's dedication to advancing e-mobility in India.

The EMPS 2024 initiative will span four months until July 2024, offering Rs 10,000 support per 2-wheeler with the objective to provide assistance to nearly 3.3 lakh 2-wheelers.

A subsidy of Rs 25,000 will be provided for the acquisition of small three-wheelers, such as e-rickshaws and e-carts, with coverage for over 31,000 vehicles.

For the purchase of large three-wheelers, the financial support will amount to Rs 50,000.

Subsidies under the second phase of the FAME scheme will remain applicable to e-vehicles sold until March 31, 2024, or until funds are exhausted, whichever comes first.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm