The Electric Mobility Promotion Scheme (EMPS), which was supposed to be concluded on 30 September 2024, will be extended beyond its scheduled time. This step is to boost electric vehicle (EV) adoption in India, says H D Kumaraswamy.
“I want to assure you that the government will continue to provide the necessary support to ensure that India remains a global leader in manufacturing and innovation,” says the Minister of Heavy Industries during the ACMA’s 64th annual session.
The EMPS was initiated by the Government of India as a temporary solution with an outlay of INR 778 crore. The scheme was a short-term solution post FAME 2 Policy for making EV adoption in India and also performing as a mid path between FAME 2 and FAME 3(that is expected to be launched soon).
This new announcement regarding the extension of EMPS hints towards delay of the FAME 3 Policy which he announced earlier will be rolled out within two months.
Further talking about the Indian automobile industry outlook, the Minister said, “The government remains fully committed to supporting the industry in adopting next-generation technologies and strengthening the domestic supply chain. As we look ahead, together, we can build a future that not only strengthens our economy but also secures India's place as a global leader in mobility components and advanced technology.
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