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Gujarat govt. announces EV policy for the state

The state incentives will be over and above the FAME-II subsidy.

The Government of Gujarat has rolled out a new electric vehicle (EV) policy aimed at promoting the adoption of EVs in the state.

As per the new policy, the state government will provide incentives of up to Rs. 10,000 per kWh on a maximum ex-factory price of up to Rs. 1.5 lakh for electric 2-wheelers, up to Rs. 5 lakh for electric 3-wheelers and Rs. 15 lakh for electric 4-wheelers used for both, personal and commercial purposes.

All vehicles that are eligible under the FAME-II scheme can avail of the benefits with a subsidy cap of 40% on the retail price of the vehicle. The state incentives will be over and above the FAME-II subsidy and will be provided under Direct Benefit Transfer (DBT) mode from the State Transport Department after verifying the documents of purchase.

The state government is targeting a total of 2,00,000 EVs including 1,10,000 electric 2-wheelers, 70,000 electric 3-wheelers and 20,000 electric 4-wheelers.

The government has also announced a 25% capital subsidy on charging equipment for the first 250 commercial public EV charging stations (up to Rs. 10 lakh per station). The state will also waive off electricity duty on EV charging stations.

Tata Motors has released an official statement welcoming the new EV policy.

Official statement:

“We welcome the move by the Gujarat Government, offering incentive support for all categories of electric vehicles. This clearly signals a strong resolve of the government towards cleaner environment and a sustainable future for the country. Also, the support extended towards charging infrastructure will accelerate the ecosystem development and bring a greater comfort for EV buyers. We compliment the Gujarat Government for introducing such a progressive policy.”

 
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