- MHI has proposed to implement EMPS 2024 after end of tenure of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-II) on 31st March 2024.
- Key highlights of EMPS, 2024
- Nodal Ministry: Ministry of Heavy Industries.
- Aim: Faster adoption of electric two wheeler (e-2W) and three wheeler (e-3W) to provide impetus to green mobility and development of Electric Vehicle (EV) manufacturing ecosystem in country.
- Tenure: 4 months (1st April 2024 till 31st July 2024)
- Components of Scheme
- Subsidies: Demand incentives for e-2W and e-3W.
- Administration of Scheme including IEC (Information, Education & Communication) activities and fee for Project Management Agency.
- Conditions to avail Demand Incentives
- Original Equipment Manufacturer is required to be registered with MHI and each of their EV models will need to be approved by MHI
- Each vehicle model needs to satisfy minimum technical eligibility criteria with regard to vehicles efficiency.
- Eligibility: Vehicles which are registered as Motor Vehicle as per Central Motor Vehicle Rules as well as Vehicles fitted with only advanced batteries.
- Project Implementation and Sanctioning Committee headed by Secretary (Heavy Industries) constituted for overall monitoring, sanctioning and implementation of EMPS.