The policy provides for a subsidy of up to 20,000 for two-wheelers, 50,000 for three-wheelers and 1.5 lakh for four-wheelers. It will provide exemption from electric vehicle registration fees for electric vehicles.
The government of Gujarat rolled out its first electric vehicle (EV) policy for the next four years on Tuesday, offering grants and capital incentives to EV buyers and for establishing charging infrastructure. Announcing the policy in line with the National Electric Mobility Plan, Chief Minister Vijay Rupani said the state government aims to have around two lakhs of electric vehicles on Gujarat’s roads by 2025, including 1.25 lakh two-wheeled, 75,000 three-wheeled and 20,000- plus four-wheelers.
“With the adoption of electric vehicles, the state government aims to reduce its carbon footprint by six lakh tonnes per year. In addition, there would be savings of 5 crore per year on fossil fuels, ”the chief minister said.
He said the policy focuses on achieving four key goals: reducing pollution by reducing the use of conventional fuel, attracting investment in the electric car space, encouraging start-ups and making Gujarat a hub. for the production of electric vehicles and batteries.
The policy provides for a subsidy of up to 20,000 for two-wheelers, 50,000 for three-wheelers and 1.5 lakh for four-wheelers. It will offer exemption from electric vehicle registration fees for electric vehicles.
Gujarat will provide the highest subsidy on electric vehicle purchases compared to any other state, Rupani said. Gujarat’s subsidy for electric vehicles is 10,000 per kilowatt. The amount of the subsidy will be directly credited to the buyers’ bank accounts.
The policy also focuses on charging infrastructure, offering a capital incentive of up to 10 lakh or a 25% capital grant to install charging stations.
“Already, more than 250 charging stations have been sanctioned by the state government. We aim to add at least 250 more charging stations over the next four years. The state government wants an electric vehicle charging infrastructure similar to fossil fuels in the years to come. Motorway hotels, petrol pumps and dedicated charging complexes will be encouraged to participate in the establishment of such a charging infrastructure, ”said the Chief Minister.
The policy also provides an incentive for the establishment of charging infrastructure in new residential and commercial real estate projects. Petrol pumps will also be allowed to start charging stations as a priority.
The grants and incentives will cost the treasury 870 crore over the next four years. The chief minister assigned the responsibility for implementing the policy to the national department of ports and transport.
Currently, there are around 2,000 electric vehicles on the roads of Gujarat, but the state government expects the policy to lead to an ecosystem of electric vehicles ranging from sales to finance, to maintenance, recharging and driver training, which would generate new job opportunities, Rupani said.
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