Lucknow News: Under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022, the state of Uttar Pradesh has set conditions on the subsidy that may be used to buy electric vehicles.
According to a government order (GO) issued by L Venkateshwarlu, senior secretary for transportation, consumers who acquired electric vehicles in the state after October 14, 2022, will need to submit an application on the portal in order to get a government subsidy.
According to this, the Purchase Subsidy Promotion Scheme’s execution date would be October 14, 2022, until October 13, 2023.
“To get the purchase subsidy incentive, eligible applicants have to apply to the web portal upevsubsidy.in. Eligible applicants will include those who have purchased and registered electric vehicles in Uttar Pradesh after the date of notification of the policy. Those who do not apply within the prescribed time limit will not get the benefit of the subsidy,” a government spokesperson said on Sunday.
The distribution of purchase subsidies in each vehicle category will be carried out in accordance with the policy’s provisions, the GO states. This states that the factory price of electric vehicles acquired in the state will receive a 15% subsidy.
Subsidy plan:
A subsidy of Rs 5,000 per vehicle will be given to the first two lakh electric 2-wheelers. Similar to this, the first 25,000 four-wheeler electric vehicles will receive a subsidy worth Rs 1 lakh each.On the other hand, the first 400 non-government e-buses bought in the state will benefit from a subsidy worth Rs 20 lakh per vehicle.
On an e-goods carrier, up to 10% of the factory cost will be permitted.
The first 1000 e-goods carriers would be eligible for a subsidy worth up to Rs 1 lakh per vehicle when purchased. The purchase of just one two-wheeler, four-wheeler, e-bus, or e-goods carrier will be eligible for a purchase subsidy for individual customers.
A maximum of 10 two- or four-wheelers, five e-buses or e-goods carriers, and a maximum of 10 aggregators and fleet operator buyers may be purchased with purchase subsidies. Any buyer may only get a purchase subsidy under this plan once throughout its operational time.
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