For electric two-wheelers and electric three-wheelers, the incentive has been capped at Rs 30,000 per vehicle, while the maximum incentive offered on electric four-wheelers will be up to Rs 1.5 lakh per vehicle.
Goa has recently released a draft plan to promote electric vehicles in the state. The state will now offer subsidy on 11,000 electric vehicles for the next five years. The state aims to make electric vehicles 30 percent of its total vehicle registration by 2025. For this, the state government plans to subsidize 10,000 electric two-wheelers, 500 electric three-wheelers and about 500 electric four-wheelers.
The subsidy amount for two wheelers will not exceed Rs 10 crore every year, for three wheelers it is Rs 1 crore and for four wheelers this limit is Rs 14 crore. Overall, the annual subsidy on electric vehicles will not exceed Rs 25 crore. Reportedly, a senior state government official has said that the subsidy will be given on a ‘first come first serve’ basis. For electric two-wheelers and electric three-wheelers, the incentive has been capped at Rs 30,000 per vehicle, while the maximum incentive offered on electric four-wheelers will be up to Rs 1.5 lakh per vehicle.
Vehicle owner will get 50 percent of the purchase incentive
The subsidy will be disbursed in a single installment which is 100% on the purchase of the vehicle. The owner only needs to produce the documents of purchase including RC book and insurance. The draft plan also states that 50 per cent of the purchase incentive will be provided to the vehicle owner if the battery is not sold with the vehicle. The balance amount up to 50 per cent will be provided to the energy operators to meet the cost of any deposits that may be required from the end users for the use of a swappable battery.
The central government had earlier set a target of 6-7 million electric and hybrid vehicles on Indian roads by 2020 under the National Electric Mobility Plan (NEMPP). Vehicle (FAME) scheme has been started by the Department of Heavy Industries, Government of India. In fact, the key reasons behind the launch of the FAME scheme were to save 120 million barrels of oil, reduce 4 million tonnes of CO2 and reduce vehicular emissions by 1.3 percent by 2020.
Target to bring 50 percent electric vehicles in the state
However, because electric vehicles in India are generally more expensive than diesel-petrol vehicles. The official told TOI that the purpose of this new initiative is also to achieve the target. Among other objectives, the Goa government wants to convert 50 percent of all vehicles to electric by 2025, creating 10,000 direct and indirect jobs in this sector by 2025. The target is to have 500 pure electric buses by 2025.
In addition, all two-wheelers involved in commercial activities in Goa will be fully electric by December 31, 2025. From December 31, 2030 onwards, all two-wheelers sold in the state of Goa will be 100% electric. However, existing registered ICE vehicles will be allowed to operate for a lifetime.
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