2024 Electric Mobility Promotion Scheme introduced with ₹500 crore budget, focusing on e-2 and e-3 wheelers.

The FAME II electric vehicle scheme ended on March 31, providing a total subsidy of ₹11,500 crore to manufacturers & consumers. The Indian government introduced a new Electric Mobility Promotion Scheme 2024 with a budget of ₹500 crore, focusing on e-2 and e-3 wheelers. A larger fund for faster adoption of electric vehicles may be considered in the main budget in July 2024, with focus on public transportation and charging infrastructure expansion.