Electric vehicle subsidy in Uttar Pradesh get a one lakh discount on buying a vehicle, along with many benefits

UP EV Policy New Electric Vehicle Policy is being brought in Uttar Pradesh. In this, customers are getting a discount of up to 1 lakh on the purchase of e-vehicles. Along with this, discounts are also being given on setting up charging stations.

UP EV Policy: The Uttar Pradesh government on Thursday approved the new Electric Vehicle Policy 2022. Under this, many types of discounts and subsidies are being given to customers on the purchase of electric vehicles. In order to encourage the purchase of e-vehicles in the state, the government has allowed exemptions up to a maximum of one lakh rupees. Apart from this, many other subsidies have been included in this new policy.

What is the new policy?

Under the new electric vehicle policy, 100 percent road tax and registration fee will be exempted for the purchase of any electric vehicle in the first three years. Also, if the electric vehicle is manufactured in the state, then this exemption will be available in the fourth and fifth years also. Will continue At the same time, a subsidy of 15 percent will be given on the factory price of electric vehicles purchased for subsidy.

Subsidy for passenger vehicles

Talking about the subsidy available for electric vehicles, a rebate of Rs 5,000 per vehicle will be given on the first two lakh electric two-wheelers. At the same time, subsidy up to a maximum of Rs 12,000 on the first 50,000 electric three-wheelers and up to a maximum of Rs 1 lakh for the first 25,000 electric four-wheelers has been planned.

A subsidy is also available for commercial e-vehicles

Apart from passenger vehicles, the new policy will also provide subsidies to commercial vehicles. A subsidy of up to Rs 20 lakh per e-bus will be given on the first 400 buses purchased. At the same time, 1,000 e-goods carriers will get a subsidy of up to 1 lakh per vehicle. Apart from this, there is also a plan to provide a subsidy of 10 percent on the factory price for the purchase of e-goods carriers.

A plan has been made for EV promotion

The Uttar Pradesh government has brought a new EV policy to promote electric vehicles in the state. It also wants to develop an eco-friendly transportation system. Apart from this, the government has also set a target of investment of 30 thousand crore rupees in the state, which is expected to provide employment to about 10 lakh people. The government aims to make Uttar Pradesh a global hub for the manufacturing of electric vehicles, batteries, and related equipment.

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