The Ministry of Heavy Industries has initiated the Electric Mobility Promotion Scheme 2024, allocating Rs. 500 crore, with Rs. 333.39 crore earmarked for electric two-wheelers.
Effective from April 1 to July 31, the scheme offers a Rs. 10,000 benefit for each electric scooter, totaling 3,33,387 units eligible. With the conclusion of the FAME II subsidy by month-end, this scheme bridges the gap, awaiting potential future subsidies for electric vehicles.