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Bihar Greenlights 2023 EV Policy for 15% Market Share by 2028

by Abdullah
Bihar Greenlights 2023 EV Policy for 15% Market Share by 2028

The Bihar Electric Vehicle (EV) Policy-2023 has received approval from the Nitish Kumar government, aiming for a 15% share of EVs in all state vehicle registrations by 2028.

The program aims to accelerate the adoption of electric and hybrid vehicles by providing purchasing incentives and establishing the necessary charging infrastructure, while also addressing environmental pollution and fuel security problems.

Subsidies on Motor Vehicle (MV) Tax of up to 75% and purchase incentives of up to Rs 1.25 lakh for the first 1,000 personal four-wheeler EVs are among the key initiatives. The first 10,000 personal two-wheeler EVs will receive similar perks. The program also stimulates startups and investments in the electric mobility sector, as well as the use of renewable energy for EV charging stations.

Tariff charges for high-tension EV charging stations have been approved at Rs 8/KvA for fiscal year 2023-24. There are also provisions for rewards for scrapping EVs and their components. The state cabinet also sanctioned the acquisition of 400 electric buses under the “PM-e Bus Sewa” program for six districts in Bihar, targeting reduced dependence on traditional petrol and diesel-powered public transport.

The cabinet approved revised budget estimates of Rs 95 crore for constructing two auditoria with a seating capacity of 2000 each in West and East Champaran districts.

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