Ministry of Heavy Industries is currently implementing the following schemes for accelerating the adoption of electric vehicles in the country and to reduce dependence on fossil fuel:
- Electric Mobility Promotion Scheme 2024 (EMPS) with an outlay of ₹500 Crore for a period 4 months, w.e.f. 1st April 2024 till 31st July 2024 which provides incentives to buyers of e-2W and e-3W.
- Production Linked Incentive Scheme for Automobile and Auto Component Industry (PLI-AAT) with a budgetary outlay of ₹25,938 Crore. The scheme incentivises various categories of electric vehicles including e-2W, e-3W, e-4W, e-buses and e-trucks also.
- Production Linked Incentive Scheme for manufacturing of Advanced Chemistry Cell (PLI-ACC) in the country with a budgetary outlay of ₹18,100 Crore.
- Scheme to Promote Manufacturing of Electric Passenger Cars to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles.
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