Gujarat has become the latest state to announce a new electric vehicle (EV) policy to promote the adoption of environmentally friendly vehicles. The announcement will further make owning an electric car more attractive to residents of the state, as new benefits will be included in addition to the revision of the FAME II policy announced earlier this month.
- The Gujarat government will provide an incentive of up to 10,000 rupees per kilowatt-hour for electric vehicles
- government.Further subsidies will be provided to all vehicles eligible for FAME II
- Commercial public electric vehicle charging stations will be eligible for a 25% capital subsidy
According to the new electric vehicle policy, the Gujarat government will provide an incentive of up to 10,000 rupees per kilowatt-hour for electric vehicles. The highest ex-factory price for electric two-wheelers is up to Rs 150,000, electric tricycles is up to Rs 500,000, and electric four-wheelers (personal and commercial) are up to Rs 1.5 million.
According to the plan, the government’s goal is to have a total of 2,00,000 electric vehicles, including 1,10,000 electric two-wheelers; 70,000 electric tricycles and 20,000 electric four-wheelers.
The government stated that all vehicles that qualify for FAME II will be eligible for this benefit, and the subsidy is capped at 40% of the vehicle’s retail price. This means that the maximum limit for electric four-wheelers is 150,000 rupees, the maximum limit for L5 electric tricycles is 50,000 rupees, and the maximum limit for electric two-wheelers is 20,000 rupees. This incentive will exceed the FAME II subsidy, which will reduce the cost of electric two-wheelers (up to 2kW) by nearly 50,000 rupees.
After verifying the documents for purchasing the vehicle, the Ministry of Transport will provide subsidies under the direct benefit transfer (DBT) model.
Benefits of public electric vehicle charging stations
In addition, the government also announced that commercial public electric vehicle charging stations for two-wheel, three-wheel and four-wheel vehicles will be eligible for a 25% equipment/machinery capital subsidy (up to 1 million rupees per station) for the first batch of 250 vehicles Commercial electric vehicles. Public electric car charging station. All residential and commercial organizations are required to provide a “No Objection Certificate” (NOC) to members who wish to install charging stations with designated parking spaces. The Gujarat government will also waive electricity charges for electric vehicle charging stations during the policy period.
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