- Electric Mobility Promotion Scheme currently valid till September end
- No official announcement for an extension
- Offers Rs. 10,000 subsidy on electric two-wheelers
The Ministry of Heavy Industries launched the Electric Mobility Promotion Scheme around the end of March this year. It offers a Rs. 10,000 subsidy on the ex-showroom price of select electric two-wheelers. That said, the scheme is currently valid only until 30 September, and no official announcement has been made regarding its extension.
So, if you are planning to purchase an electric two-wheeler, now could be the time to avail of the discount. For reference, some of the few premium electric two-wheelers currently on sale in India that are eligible for the EMPS are Ather 450X, Ather Rizta, Ola S1 Pro, TVS iQube, Bajaj Chetak, and the Vida V1 Pro.
As a part of the EMPS, a budget of Rs. 778 crore was allotted for electric two-wheelers. This included 5,00,080 EVs that could avail of the subsidy. While the said amount provides a slight relief for potential EV buyers, it is yet to be seen whether the Ministry of Heavy Industries will extend it further or introduce a new scheme.
