Gujarat’s New EV Policy Includes Rs 870 Cr Subsidy

- Advertisement -
- Advertisement -

The government of Gujarat is promising subsidy of up to Rs 20,000 on the purchase of an electric two-wheeler, up to Rs 50,000 for a three-wheeler and upto Rs 1,50,000 on the purchase of a four-wheeler

The state government of Gujarat has announced a new electric vehicle policy. This new policy promises subsidies worth rs 870 crore for electric vehicles and for setting up charging points in different cities of the state.

Vijay Rupani, the chief minister of Gujarat, while unveiling the state’s new EV policy noted that the same has been designed with a target of at least two lakh EV on the roads of Gujarat in the next four years. The policy promises incentives ranging from Rs 20,000 to Rs 1,50,000 on purchase of electric vehicles under the policy.

- Advertisement -

In simpler words, the government of Gujarat is promising subsidy of up to Rs 20,000 on the purchase of an electric two-wheeler, up to Rs 50,000 for a three-wheeler and upto Rs 1,50,000 on the purchase of a four-wheeler.

Also, any EV getting approved by Gujarat’s RTO, will not have to pay any registration fees. Such EVs will also be valid for being awarded with incentives from Centre’s FAME II scheme.

“The new EV Policy will boost the adoption of EVs in the state and will contribute to the creation of jobs in the EV sector. The core aim of the policy is to popularise the adoption of EVs in the country and to turn Gujarat into a hub of EV production, reduce pollution and encourage startups and bring investors in the field of e-mobility,” the chief minister said.

The chief minister also pointed towards incentives for setting up EV charging infrastructure under the policy. Gujarat is aiming to add 250 charging stations. The state government has already approved 278 charging stations. The policy includes clauses to provide upto 25 per cent capital subsidy up to a limit of Rs 10 lakh.

“The revised EV policy by the state of Gujarat post the recent amendments of the central FAME policy is an excellent move which will further bridge the gap and make the switch to electric vehicles an attractive option. With this policy, the prices of Hero’s EVs will further come down making them the most affordable in the state of Gujarat when compared to pricing across the country,” noted Naveen Munjal, MD, Hero Electric.

Sohinder Gill, DG, Society of Manufacturers of electric vehicles (SMEV) said, “We thank the government of Gujarat for announcing a promising and a bold EV policy. The policy certainly has a potential to make Gujarat an EV hub and would mobilize a rapid adoption of electric vehicles in the state. We are excited to be part of this journey and would put our all efforts towards achieving the state government’s target under the policy.”

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Ascend Performance Materials: Pioneering Innovation in the Electronics Sector

0
Bridging material advancements in plastics and technological progress, Ascend leads with customised solutions for a safer, reliable and greener tomorrow. Q. How would you explain...

DigiKey Expands Portfolio With 3PEAK

0
This collaboration adds amplifiers, interface components, data converters, and more, catering to industries such as communication, industrial, medical, and automotive.  In a strategic move aimed...

“Automotive And Medical Will Adopt More Printed Electronics”

0
The automotive industry is experiencing a revolution. But is this revolution limited to the evolution of powertrains? Salil Musale, MD, Naxona (Astarc Group), chats...

Buzz

India’s First Portable Liquid-Cooled E-Scooter Battery Unveiled By Bounce Infinity & Clean Electric

0
The efficient thermal management system of the liquid-cooled battery prevents overheating, thus improving both the safety and longevity of the battery. Bounce Infinity has collaborated...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Important Sectors

India’s First Portable Liquid-Cooled E-Scooter Battery Unveiled By Bounce Infinity & Clean Electric

0
The efficient thermal management system of the liquid-cooled battery prevents overheating, thus improving both the safety and longevity of the battery. Bounce Infinity has collaborated...

EV Network Achieves 100 Million Green Kilometers

0
In recognition of its contributions to zero-emission mobility, the company was awarded the 'Shoonya Infrastructure Champion' accolade at the 2nd Annual Shoonya Forum in...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Lanxess, IBU-tec Partner To Develop Iron Oxides For EV Batteries

0
The collaboration focuses on enhancing the performance of LFP (lithium iron phosphate) cathode materials and reducing batteries' carbon footprint. Utilizing local raw materials, the...

Manufacturing

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Lanxess, IBU-tec Partner To Develop Iron Oxides For EV Batteries

0
The collaboration focuses on enhancing the performance of LFP (lithium iron phosphate) cathode materials and reducing batteries' carbon footprint. Utilizing local raw materials, the...

Log9 Materials Partners With Zeta Energy To Innovate Advanced Battery Systems

0
The collaboration presents substantial advantages for both companies. Zeta Energy's sophisticated lithium-sulfur materials could enable Log9 to enhance overall cell performance, opening up new...

Vulcan Energy Begins Lithium Chloride Production In Germany

0
Listed in both Australia and Frankfurt, the company has secured offtake agreements with automakers such as Volkswagen, Stellantis, and Renault. It reported that its...