EMPS subsidy to remain till FAME-III rollout
Electric Mobility Promotion Scheme (EMPS) till the government launches the third edition of its flagship incentive programme Faster Adoption and Manufacturing of Electric Vehicles (FAME), union minister for heavy industries HD Kumaraswamy said on Monday.
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The EMPS scheme was scheduled to end on September 30. Its extension has been necessitated due to a delay in the announcement of benefits under the FAME-III scheme, which Kumaraswamy recently said would likely take another two months.
«It will be extended till FAME comes,» the minister said on Monday at the 64th annual session of the Automotive Component Manufacturers' Association.
This will be the second extension for the EMPS, which was initially launched for four months from April 1 to July 31 with an outlay of ₹500 crore to incentivise the purchase of electric two- and three-wheelers. The scheme was then extended by two months with an additional allocation of ₹278 crore. Under the scheme, buyers can get a subsidy up to ₹10,000 per electric two-wheeler and ₹50,000 per electric three-wheeler. Companies sell locally made vehicles at a discount to buyers and later claim the subsidy from the ministry of heavy industries (MHI).
So far this fiscal year, manufacturers have claimed subsidies of ₹307.4 crore under the EMPS. As per data available with the MHI, the government has incentivised purchase of 435,165 electric two-wheelers, electric three-wheelers and
