Home News This State Govt Approves Rs 40 Crore Incentives on Purchase of EVs

This State Govt Approves Rs 40 Crore Incentives on Purchase of EVs

Under this, the government approved an additional budget provision of Rs 40 crore for the proposed one-time contribution and reimbursement on the purchase of electric vehicles. 

by Aishwarya Saxena

Implementing the EV policies in its state, Rajasthan government has approved a new EV policy for the state, under which it has also approved electric vehicle purchase incentives and reimbursement of Rs 40 crore.

EV Policy This EV policy will be for five years with effect from 1st September 2022.

Under this, the government approved an additional budget provision of Rs 40 crore for the proposed one-time contribution and reimbursement on the purchase of electric vehicles.

Chief Minister Ashok Gehlot announced the EV policy in the Budget 2019-20 and approved draft policy on May 24 this year.

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The state government had announced reimbursement of SGST amount of Rs 5,000 to Rs 10,000 for two-wheelers and Rs 10,000 to Rs 20,000 for purchase of three wheelers, depending on the battery capacity of the vehicle.

With all, transport Department An amount of Rs 40 crore has been received for settlement of pending cases of grant on purchase of electric vehicles.

Transport commissioner KL Swamy said, “We have got funds from the state government and all dues related to electric vehicle purchase in this financial year will be cleared soon.”

An amount of Rs 18 crore was given to the people who bought e-vehicles in the last financial year in 12 Regional Transport Office (RTO) areas of the state.

Out of Rs 40 crore, a grant amount of Rs 5 crore is to be distributed to 3,000 vehicle owners (who have purchased vehicles in the current financial year) of the state, which will be done soon.

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