TimesEV
TimesEV
TimesEV
TimesEV
TimesEV
TimesEV
More
    HomeEV NewsGovernment of Rajasthan implements EV Policy

    Government of Rajasthan implements EV Policy

    The Rajasthan government implemented a new electric vehicle policy offering financial incentives to EV buyers in the state on Thursday. Under the new Rajasthan Electric Vehicle Policy (REVP), the government has approved Rs. 40 crores as the total contribution to the purchase of electric vehicles.

    The policy that aims to encourage the adoption of electric vehicles in the state will be effective for five years starting September 1. Chief Minister Ashok Gehlot announced the EV policy in the budget for 2019-20.

    As per a report by PTI citing an official of the transport department, the state government issued the notification for the implementation of the Rajasthan Electric Vehicle Policy (REVP). The EV policy will be effective for five years starting today. The state government has reportedly sanctioned a fund of Rs. 40 crores for contribution to the purchase of EVs.

    Chief Minister Ashok Gehlot earlier announced the policy in budget 2019-20. Later, the draft policy was approved on May 24 this year. The government has approved a one-time contribution to the purchase of electric vehicles and an additional budget provision of Rs. 40 crores for the State Goods and Services Tax (SGST).

    In order to encourage the purchase of EVs, the state government would reimburse SGST amount of Rs. 5,000 to Rs. 10,000 for two-wheelers. For the purchase of three-wheelers, Rs. 10,000 to Rs. 20,000 will be reimbursed based on the battery capacity of the vehicle.

    Meanwhile, the transport department has reportedly received Rs. 40 crores to clear all pending dues related to electric vehicle purchases.

    Related Post

    Most Popular

    Best Picks

    Veridify, Overcoming the challenges of OT security in building automation with an STM32

    Despite popular belief, it is possible to secure legacy embedded systems properly, even if they lack today’s iron-clad cryptographic capabilities, the latest protections, or...

    Tsuyo’s Vision for Future Manufacturing: Incorporating Emerging Technologies and...

    Tsuyo Manufacturing is deeply committed to offering highly reliable, robust, and durable products designed to withstand a wide range of exposure and service conditions...

    Revamp Moto’s Vision for Advanced EV Features and Industry...

    Revamp Moto is a dynamic and forward-thinking electric vehicle (EV) startup, firmly committed to providing sustainable and adaptive E-mobility solutions. Their primary focus centres...

    ST and ZF sign multi-year supply agreement for Silicon...

    Silicon Carbide technology is widely used in semiconductor material which are easy to fabricate and provides good general electrical and mechanical properties. However, it...

    Exploring Electrochemical Properties: Unraveling Battery Performance and Behavior

    Automotive Test Systems stands as a trailblazing company with an extensive and diverse background in Product Validation, Structural Testing, Data Acquisition and Analysis, Vehicle...

    WISE Testing Solutions: Comprehensive Products and Services for Vehicle...

    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...

    Must Read