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The Heavy Industries Ministry had alleged subsidies under the FAME II Scheme were misused, demanding a total of Rs 249 crore from Okinawa Autotech (Rs 116 crore) and Hero Electric (Rs 133 crore) for alleged breaches of PMP norms that discourage use of imported parts in making electric vehicles.
India initiated the Electric Mobility Promotion Scheme 2024 to advance the adoption of electric vehicles. With a focus on boosting domestic manufacturing and enhancing the EV supply chain, the scheme aims to support 3,72,215 EVs by July 31, 2024.
Under the Electric Mobility Promotion Scheme 2024, significant incentives under the budget of Rs 500 Crore, are offered for electric two-wheelers and three-wheelers, to boost the adoption of green vehicles.
India launches Rs 500 crore EMPS 2024 scheme, aiming to boost electric mobility with subsidies until July, supporting over 370,000 vehicles and creating job opportunities.
The Rs 500 crore EMPS 2024 scheme aims to boost electric vehicle adoption till July, supporting 3,72,215 EVs with incentives for various types of vehicles and advanced batteries, aligning with the Atmanirbhar Bharat initiative.