Things to Know About Subsidy on Electric Scooter in India in 2024

Introduction

India is witnessing a paradigm shift towards a sustainable, eco-friendly transportation solution with electric scooters. In 2023, over 15 lakh Indians purchased an electric scooter and in 2024, we’re about to see more electric scooters on the road. One of the biggest drivers of this cause is the various subsidies on electric scooters, initiated by the government of India to make the electric scooters more affordable and increase adoption. The most significant of them was the FAME subsidy for electric scooters until March 2024. From April 2024, subsidy is being offered under Electric Mobility Promotion Scheme (EMPS). 

What Is the subsidy for electric scooters in 2024?

As we enter a new financial year, the government of India has announced a new scheme to promote the adoption and purchase of two-wheeler electric scooters. The Electric Mobility Promotion Scheme (EMPS), 2024 is effective from April 1st 2024 and will remain in effect for the next four months till July 2024. EMPS 2024, is the new subsidy on electric scooters that offers a max subsidy of ₹10,000 per two-wheeler electric scooter, or INR 5000 per kWh of battery capacity, whichever is lower. However, there is a quota system under EMPS. That is only 3,33,387 registered scooters before the end of July 2024 will qualify for financial assistance under the EMPS scheme. 

The EMPS 2024 is designed to encourage more electric scooter purchases by reducing their cost. The EMPS 2024 coupled with more state-wise add-on subsidies, make your Ather electric scooter extremely pocket-friendly. If you’re looking to buy an Ather electric scooter, the EMPS 2024 is significantly going to reduce your purchase cost.  

Eligibility criteria and documents required for an electric scooter subsidy in India

To claim any electric scooter subsidy, you must check your eligibility and documents and representatives are Ather Electric Centers can guide on this.

For example, to be eligible for subsidy, you must meet the following conditions: 

1. You must have a valid ID proof 
    
2. You must have never claimed subsidy (incl. FAME II subsidy) for any other two-wheeler electric scooter. 
    
3. The name provided during registration must exactly match the name on the ID proof

If you tick all the above boxes, the subsidy will automatically be factored in. You won’t have to claim it separately.

Conclusion

Electric scooters are going to be the new normal in India. It’s just a matter of time before everyone switches to an EV and significantly contributes to a more sustainable future. Government subsidies have played a crucial role in spearheading the production, manufacture and purchase of electric scooters. We at Ather have ensured that all the benefits of these subsidies are transferred to the consumer.