Electric Mobility Promotion Scheme 2024

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Overview:

Recently, the union Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024.

About Electric Mobility Promotion Scheme 2024

  • It aims to further accelerate the adoption of Electric Vehicles in the country.
  • This is a fund limited scheme with a total outlay of Rs. 500 crore for the period of 4 months, w.e.f. 1st April 2024 till 31st July 2024.
  • It is for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.
  • Eligible EV categories
    • Two Wheelers (electric) (e-2W)
    • Three-wheeler (electric) including registered e-rickshaws & e-carts and L5 (e-3W)
  • With greater emphasis on providing affordable and environmentally friendly public transportation options for the masses, scheme will be applicable mainly to those e-2W and e-3Ws registered for commercial purposes.
  • Further, in addition to commercial use, privately or corporate owned registered e-2W will also be eligible under the scheme.
  • To encourage advance technologies, the benefits of incentives, will be extended to only those vehicles which are fitted with advanced battery.
  • Nodal Ministry: Ministry of Heavy Industries

Q1) How Do All-Electric Cars Work?

All-electric vehicles, also referred to as battery electric vehicles (BEVs), have an electric motor instead of an internal combustion engine. The vehicle uses a large traction battery pack to power the electric motor and must be plugged in to a wall outlet or charging equipment, also called electric vehicle supply equipment (EVSE). Because it runs on electricity, the vehicle emits no exhaust from a tailpipe and does not contain the typical liquid fuel components, such as a fuel pump, fuel line, or fuel tank.

Source: Ministry of Heavy Industries announces Electric Mobility Promotion Scheme 2024