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Wednesday, October 5, 2022

Electric cars and e-bikes get discounts of Rs 1.5 lakh and Rs 20,000, respectively.

Gujarat announced on Tuesday a new policy promoting electric vehicles (EVs), which could hasten the adoption of electric cars in the state.

Gujarat will pay 870 crores in incentives for two lakh EV’s over the next four years as part of its EV program.

EV Adoption: A Process

Gujarat Chief Minister Vijay Rupani has announced that the state will subsidize electric automobiles per kilowatt-hour.

Gujarat’s new EV policy plans to boost demand for battery-powered vehicles by granting incentives to buyers. In addition, developers of EV charging infrastructure will also receive capital incentives.
Details Of The EV Policy

Will electric two-wheelers receive a subsidy of up to 20,000, and will there be a subsidy of up to 1.5 lakh on electric cars.

These subsidies will be available over and above the FAME-II subsidies that the central government provides.

The EV policy also announced a 25% capital subsidy of up to 10 lakh to install 250 charging stations across the state. CM Rupani hopes that the new EV policy will help at least 1.25 lakh electric two-wheelers, 75,000 e-rickshaws, and 25,000 electric cars to roll out on state roads.

The Most Important Aspects Of The EV Policy

The new EV policy in Gujarat was revealed just days after Prime Minister Narendra Modi declared plans to develop Kevadiya into an electric car city during a World Environment Day ceremony.
The EV policy aims to increase the use of electric vehicles in the state in the next four years. It also aims to add 250 new charging stations across the state. Petrol pumps to be given approvals for establishing EV charging points.

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