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

    STM32WBA, 1st wireless Cortex-M33 for more powerful and more secure Bluetooth applications #STM32InnovationLive

    Author: STMicroelectronics Update, December 21, 2023 The STM32WBA52xx are now available in a QFN32 package measuring only 5 mm x 5 mm as opposed to the...

    2024 Insights: Dr. Abhilasha Gaur on Skilling’s Impact in...

    In an exclusive interview, Dr Abhilasha Gaur, COO of the Electronics Sector Skills Council of India (ESSCI), sheds light on how skilling processes will...

    Simulation Tool Prevents Severe Issues in Various Automotive Scenarios

    Authors: Giusy Gambino, Alessio Brighina, Francesco Giuffre’, Filippo Scrimizzi, STMicroelectronics, Catania, Italy When conceiving and implementing cutting-edge solutions that can thrive in harsh automotive environments a...

    SensorTile.box PRO, a new story about a professional board...

    Author: STMicroelectronics  The SensorTile.box PRO redefines what it means to use professional tools destined for the Internet of Things by making the technology accessible to more than...

    STM32CubeMonitor 1.7, STM32CubeMonitor-UCPD 1.3, and STM32CubeMonitor-RF 2.12, more powerful...

    Author: STMicroelectronics STM32CubeMonitor 1.7 became more flexible thanks to new UI improvements in an effort to adapt to the many use cases it must handle. For...

    Driving the Future: Exploring Innovations in the Automotive Power...

    The global automotive power electronics market is set to achieve a valuation of US$ 6 billion by 2033, advancing at 4.1% CAGR from 2023 to 2033, as...

    Empowering Karnataka’s Electronics Industry: An Insightful Conversation with CLIK...

    Karnataka, a shining star in India's technological landscape, has earned international acclaim for its thriving electronics and IT sectors. Fuelled by a legacy of...

    Aimil Ltd.: Setting the Benchmark for Instrumentation Solutions at...

    Aimil Ltd., an ISO 9001:2015 certified company with a heritage tracing back to 1932, holds a prominent position as a leading provider of cutting-edge...

    Electrify Your Future: A Thriving Career in the E-Mobility...

    In an era where sustainability and innovation reign supreme, the E-Mobility sector has emerged as the driving force behind a transformative shift in the...

    Must Read