NewsGovernment Considers Subsidies of Up to 2.5 Lakhs Rupees for Electric Vehicles

Government Considers Subsidies of Up to 2.5 Lakhs Rupees for Electric Vehicles

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Indian government is looking forward to provide a subsidies for electric vehicles (EVs) to further their adoption in the country. Under the proposed subsidy Indian government would provide up to 2.5 lakh rupees for electric cars, scooters and buses with a focus on public transportation. This likely is an effort to hasten the implementation of the FAME (Faster Adoption and Manufacturing of Electric Vehicles) Phase 2 initiative. In this way the government hopes to further foster the usage of greener transportation across India.

Central Government Pushes for EV Subsidies

These subsidies intend to provide financial relief to those investing in electric vehicles, transitioning away from traditional fossil fuels and reducing the nation’s carbon footprint. Banking on a wider population embracing electric vehicles and taking a step towards a greener future, the Government is offering these incentives.

State Government Subsidy Schemes

Various states have complemented India’s central government’s efforts to incentivize the purchase of electric vehicles by launching schemes that offer financial incentives to those who looking for to buy E-vehicles, providing consumers with even more support when buying these vehicles.

Maharashtra Government Subsidy

The Maharashtra government is offering a subsidy of 5000 rupees per kilowatt to anyone looking to purchase an electric vehicle. This initiative is in support of eco-friendly transportation options and provides a financial aid to customers.

Delhi Government Subsidy

Delhi govt providing subsidy of up to 1.5 lakhs rupees is only available for the first 1,000 individuals who purchase EVs, potentially encouraging more people in the national capital to switch to electric vehicles and promote eco-friendly transport.

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Uttar Pradesh Government Subsidy

Uttar Pradesh government is taking a unique and best step to get residents to switch to the use of electric two and four wheelers. It has announced that the first 25,000 customers to purchase electric bikes and buses are eligible for a generous 1 lakh rupee subsidy. If the central government were to add its own subsidy to the mix, the total amount could reach 2 lakh rupees.

Gujarat Government Subsidy

Gujarat government has made a commitment to support the adoption of electric cars with financial incentives that extend to the first 10,000 customers. This generous subsidy amounting up to 1.5 lakhs rupees goes even further with an extra 1 lakh rupees from the central government. In total, those who purchase an electric vehicle could receive a subsidy of 2.5 lakhs rupees.

Uttarakhand Government Subsidy

Uttarakhand Government has taken an important step in promoting a greener future in the state by providing a subsidy scheme that offers 1.5 lakhs rupees to incentivize the use of electric vehicles.

Subsidy schemes for electric vehicles by different state governments in India:

StateSubsidy Amount (Rupees)Vehicle Types Eligible
Maharashtra5,000 per kilowattElectric vehicles
Delhi1.5 lakhsElectric vehicles
Uttar Pradesh1 lakh (25,000 customers)E-bikes and e-buses
Gujarat1.5 lakhsElectric cars
Uttarakhand1.5 lakhsElectric vehicles
Central GovernmentUp to 2.5 lakhsElectric cars, scooters, buses (public transport)

Please note that the table includes information on the subsidies provided by state governments as well as the central government in India to promote the adoption of electric vehicles.

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Also Read: 5 Best Electric Scooter with Removable Battery in India 2023

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