The new Electric Vehicle Manufacturing and Mobility Policy-2022 have been approved by the Uttar Pradesh cabinet. : The policy has been approved in an attempt to promote faster adoption of clean mobility solutions and create a conducive ecosystem for electric vehicles in Uttar Pradesh. The policy aims to develop an eco-friendly transport system in Uttar Pradesh. It also aims to make Uttar Pradesh a global hub for manufacturing of electric vehicles, batteries and related equipment. 100% road tax and registration fee exemption will be granted on the purchase of all categories of electric vehicles during the first 3 years of the new policy. This exemption will continue in the fourth and fifth years if electric vehicle is manufactured in the state.
November 2022 Current Affairs Quiz
Electric Vehicle Manufacturing and Mobility Policy-2022 have a provision for a three-pronged incentive system. This includes incentives to consumers for purchasing EVs; to manufacturers of EVs, EV batteries and related components; and to service providers developing charging/swapping facilities. Under the new policy, the state government will give huge subsidy on the purchase of electric vehicles. Subsidies are provided below.
15% subsidy will be given on factory cost for purchasing two-wheeler EV up to a maximum of Rs 5,000 per vehicle subject to first two lakh EVs purchased. Rs 12,000 per three-wheeler EV subject to a maximum first 50,000 such EVs purchased. Up to Rs 1 lakh per four-wheeler electric vehicle subject to maximum of first 25,000 EVs purchased. A subsidy of up to Rs 20 lakh per e-bus subject to maximum of first 400 such e-buses
10% subsidy on factory cost for purchasing e-goods carriers of up to Rs 1,00,000 per vehicle to a maximum of first 1,000 carriers. Subsidy up to a maximum of Rs 10 lakh per project to the service providers developing 2,000 charging and battery swapping facilities in the state. Capital subsidy of up to Rs 5 lakh per swapping station to the service providers developing facilities of 1,000 such swapping stations
