The central government has extended the 'Electric Mobility Promotion Scheme 2024' until September 30 and increased its budget to Rs 778 crore. Initially set from April 1 to July 31, 2024, with a Rs 500 crore outlay, the scheme aims to boost electric vehicle adoption nationwide. It offers subsidies of up to Rs 10,000 for electric two-wheelers, Rs 25,000 for small three-wheelers, and Rs 50,000 for large three-wheelers.
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