Home Top Stories State Government To Offer Subsidies Of Up To Rs. 20,000 On EVs

State Government To Offer Subsidies Of Up To Rs. 20,000 On EVs


The state government will subsidise the upfront cost of electric vehicles (EVs) for early adopters by reimbursing the state goods and service tax (SGST) and extending a one-time incentive, depending upon the battery capacity of the EV sold.


The government's aim is to increase penetration and adoption of electric vehicles in Rajasthan

expand View Photos

The government’s aim is to increase penetration and adoption of electric vehicles in Rajasthan

Rajasthan recently became the latest state to unveil its own electric vehicle policy after Maharashtra, Gujarat, Delhi and Telangana. Through this newly announced EV policy, the government of Rajasthan aims to boost the adoption of electric vehicles in the state. As per the transport department, the state government will subsidise the upfront cost of electric vehicles (EVs) for early adopters by reimbursing the state goods and service tax (SGST) and extending a one-time incentive, depending upon the battery capacity of the EV sold.

Also Read: Gujarat EV Policy Announced; Subsidies Of Up To ₹ 1.5 Lakh On Electric Vehicle Purchase​

scvtn8mo

According to the state’s transport department, the government of Rajasthan will reimburse SGST (State Goods and Service Tax) amount on the purchase of an EV.

As per the state policy, electric vehicles sold between April 1, 2021, to March 31, 2022, will be eligible for SGST reimbursement. However, the major impact of the policy will be seen on the prices of electric two-wheelers sold or registered in the state. According to the notification, the SGST amount paid to the buyer of the electric two-wheeler will be equal to the amount mentioned in the bill by the seller. The final amount will be transferred to the owners by the District Transport Officer.

As for one-time incentives, electric motorcycles and scooters with a battery capacity of up to 2kWh will be eligible for a subsidy of ₹ 5,000. The electric two-wheelers with a battery capacity of 2 to 4kWh will be eligible for an incentive of ₹ 7,000. However, the models with a battery capacity between 4kWh to 5kWh will attract ₹ 9,000 subsidy, while the e-two-wheelers with over 5kWh battery capacity will get an incentive of ₹ 10,000.

Also Read: Maharashtra EV Policy: Manufacturers Welcome New Policy, Expect Sales Growth​

The state government is providing similar incentives for e-rickshaws and goods carriers, wherein subsidies ranging from ₹ 10,000 to ₹ 20,000. The incentive structure of Rajasthan’s EV policy is slightly lower than the ones offered on EV policies of Maharashtra and Gujarat. Do note, these incentives are in addition to the FAME 2 policy, and customers can avail of the benefits to reduce the final cost of the EV.

nvruimk8

The big impact of Rajasthan’s EV Policy 2021 will be seen on the electric two-wheelers.

0 Comments

Dr. Yogesh Bhatia, Founder of Detel said, “We appreciate the continuous efforts made by our government to push green mobility in India. The visionary move by the Rajasthan government is a step ahead towards motivating Indian customers for the faster adoption of electric vehicles. The added subsidy by the state government will encourage manufacturers like us to develop new and innovative product lines at the most disruptive price in order to push the concept of e-mobility in the country. This will not only boost the adoption of electric vehicles but will also generate employment at various levels”.

For the latest auto news and reviews, follow carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.





Source link

RELATED ARTICLES

Tokyo Olympics 2020 LIVE Updates: Indian Shooters Aim For Medal Rounds In Mixed Team Event

Tokyo Olympics 2020: Manu Bhaker will team up with Saurabh Chaudhary in mixed team shooting event.© InstagramAs the Tokyo Olympics enters its fifth...

Five, Including Cop, Suspect, Killed In Hours-Long Standoff In California

<!-- -->One policeman has been moderately injured in the shooting (Representational)Los Angeles: Five people, including a policeman and a suspect, were killed in...

At Assam-Mizoram Border, 6-Hour Pitched Battle Between Two Police Forces

<!-- -->The Assam Police targeted vehicles on the highway, used batons and tear gas on the locals, Mizoram said.Guwahati: Gunshots ringing out on...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Positive parent-child relationship reduces risk of teens vaping, using tobacco products

Adolescents who set goals for their future and those with strong parental support are less likely to use e-cigarettes and other tobacco products,...

India Logged 39,361 Cases In 24 Hours Monday, Marginally Lower Than Sunday

<!-- -->The country also reported 416 deaths over a 24-hour period Monday (File)New Delhi: India Monday added 39,361 cases of coronavirus in 24...

Delhi Cinema Halls, Multiplexes Prepare For Big Reopening As Curbs Eased

<!-- -->Delhi cinema halls have been allowed to function at 50% capacity (Representational)New Delhi: Cinema halls, theatres, and multiplexes in Delhi have begun...

Tokyo Olympics 2020 LIVE Updates: Indian Shooters Aim For Medal Rounds In Mixed Team Event

Tokyo Olympics 2020: Manu Bhaker will team up with Saurabh Chaudhary in mixed team shooting event.© InstagramAs the Tokyo Olympics enters its fifth...

Recent Comments