TimesEV
TimesEV
TimesEV
TimesEV
TimesEV
TimesEV
More
    HomeEV News5 ways the new EV Policy will Help you Purchase an EV...

    5 ways the new EV Policy will Help you Purchase an EV in UP

    Uttar Pradesh now has its own EV policy, two years after neighboring states like Delhi, Rajasthan, and Haryana introduced theirs. The Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022 was approved by the state cabinet. The strategy is intended to help commercial vehicles like three-wheelers, buses, and other transport vehicles as well as private EV consumers.
    Here is a quick look at the advantages one might get in Uttar Pradesh while purchasing a personal electric vehicle or two-wheeler.

    1. Any electric vehicle purchased and certified in the state will receive a full remission of registration costs and road tax. The incentive will start to be offered on the day that the state government formally announces the new EV policy. The state government will waive these two fees for anyone purchasing an EV made in the state if they decide to purchase one after three years. The advantages after two years are consistent with the state government’s intention to invest more than 30,000 crores to establish a hub for EV manufacturing around the world.

    2. The UP Government will provide incentives for purchasing new electric vehicles in the state in addition to waiving off road tax and registration fees. In the state, sales of electric two-wheelers, which now account for the majority of EVs sold in India, would be at their highest. The Yogi government will provide a subsidy on a specific EV up to Rs. 5000 over the ex-showroom cost less GST. Around two lakh buyers of electric two-wheelers will benefit from this incentive, per the budgetary provision.

    3. Anyone wishing to purchase an electric vehicle may qualify for a subsidy worth up to one lakh rupees over the vehicle’s ex-factory price. The state’s first 25,000 purchasers of electric vehicles are eligible for the subsidy.

    4. Additionally, there are a lot of electric three-wheelers in Uttar Pradesh. The state administration has agreed to expand the incentives to electric rickshaws and tempos with advantages of up to 12,000 per EV in order to promote cleaner modes of transportation. According to budgetary allocations, this will assist about 50,000 buyers of electric three-wheelers in the state.

    5. The state’s EV Policy also seeks to transform public transportation by making offers to support electric mobility. Along with other commercial vehicles, the EV program would also provide electric bus subsidies valued at up to 20 lakh. For the purpose of purchasing new electric buses, the state government has set aside 80 crores as a subsidy. Up to one lakh rupees in incentives would be given to other electric business cars.

    Related Post

    Most Popular

    Best Picks

    WISE Testing Solutions: Comprehensive Products and Services for Vehicle Development and EV Battery Testing

    WISE Testing Solutions Pvt. Ltd., a privately held company registered as a limited company, aims to provide a comprehensive range of products and services...

    Anton Paar: Revolutionizing EV Battery Testing with Standardization Initiatives

    Anton Paar, a distinguished company specializing in the development, production, and distribution of precision laboratory instruments and process measuring systems, alongside delivering customized automation...

    Exploring the Challenges and Testing Methods for Electric Vehicle...

    Aimil Ltd. is an esteemed organization celebrated for its exceptional expertise spanning multiple domains such as electric vehicle battery testing (both electrical and mechanical),...

    “The core idea behind u-blox has always been to...

    u-blox develops some of the world’s leading IoT communication and GNSS modules, chips and services supporting the industrial, automotive and consumer markets. Recently Andreas...

    PRAGYATMIKA: Empowering EV, Automotive, and E-Mobility with Cutting-Edge Technology...

    PRAGYATMIKA stands out as a leading provider of effective technology solutions for the EV, automotive, and e-mobility sectors. Their comprehensive services go beyond technological...

    Jean-Louis CHAMPSEIX, VP, Head of Corporate Sustainability, emphasizes :...

    ST addresses twofold imperatives - i.e. making technology itself more sustainable, and using technology to become more sustainable. ST is one of the largest...

    Exploring the Impact of Aarjay International’s Testing & Automation...

    Aarjay International is widely recognized for its outstanding expertise in delivering comprehensive test and automation solutions. Their wide range of services encompasses electronics and...

    Future of High Voltage EV: Wide Band Gap Semiconductors

    Article Courtesy: Sterling Gtake E Mobility Limited INTRODUCTION: Wide band gap semiconductors (SiC & GaN) are regarded as the next-generation power semiconductor for automotive applications...

    Motor Control and Human Interface Technologies from Virtual Forest...

    Forests are a vital part of human existence thus it relies upon them how to conserve the forests and maintain the ecological balance. Over...

    Must Read