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Electric vehicle policy to be implemented soon in Chandigarh, e-vehicles will get a discount of up to Rs 1.50 lakh

The Chandigarh Electric Vehicle Policy has a provision to encourage the adoption of electric vehicles including electric cycles, two wheelers, three wheelers, electric cargo vehicles as well as four wheelers, passenger and commercial. Incentives under the policy will be given in addition to the FAME II scheme of the Central Government. Customers buying electric vehicles in the Chandigarh region will be able to take advantage of the subsidy available under this policy.

Electric vehicle policy to be implemented soon in Chandigarh, e-vehicles will get a discount of up to Rs 1.50 lakh

Under the draft policy, incentives to buy electric vehicles include waiving off registration fees. Electric vehicles in Chandigarh have already been exempted from road tax till 2024. In addition, commercial electric vehicles, including two-wheelers used for last mile delivery, have been directed to convert to electric fleet by March 31, 2024. This will also include cab aggregators.

Electric vehicle policy to be implemented soon in Chandigarh, e-vehicles will get a discount of up to Rs 1.50 lakh

Buyers can avail incentives of Rs 5,000 per kWh on two-wheeler electric vehicles, up to a maximum of Rs 30,000. At the same time, an incentive of Rs 10,000 per kWh will be given on electric cars, which can be up to a maximum of Rs 1.50 lakh. A maximum subsidy of Rs 30,000 will be given on a three-wheeled electric rickshaw or any three-wheeled electric vehicle.

Electric vehicle policy to be implemented soon in Chandigarh, e-vehicles will get a discount of up to Rs 1.50 lakh

The draft policy also suggests limiting the number of petrol and diesel two-wheelers and three-wheelers in Chandigarh every year. Four wheelers will be phased out due to limited availability of options and price range.

The policy also mentions 100% rebate on parking charges for all types of electric vehicles at parking lots operated by Chandigarh Municipal Corporation for five years. The Chandigarh Electric Vehicle Policy will also help in creating public charging infrastructure and aims to build at least 100 public charging stations in the first two years.

Electric vehicle policy to be implemented soon in Chandigarh, e-vehicles will get a discount of up to Rs 1.50 lakh

According to data from the central government’s e-vehicle portal, 9.66 lakh electric vehicles (EVs) are registered across the country, with Uttar Pradesh, Delhi, Karnataka and Bihar leading the states in using electric vehicles. The central government has reduced the GST rate on electric vehicles (EVs) from 12 per cent to 5 per cent and on chargers or charging stations of electric vehicles from 18 per cent to 5 per cent to boost the sale of electric vehicles.

Electric vehicle policy to be implemented soon in Chandigarh, e-vehicles will get a discount of up to Rs 1.50 lakh

Production Linked Incentive (PLI) scheme of Rs 25,938 crore announced for automobiles and auto components will also give impetus to the production of electric vehicles. This scheme has been implemented for five years.

Electric vehicle policy to be implemented soon in Chandigarh, e-vehicles will get a discount of up to Rs 1.50 lakh

In order to boost the adoption of hybrid and electric vehicles in the country, the Union Government in 2015 launched the Faster Modulation of Electric Vehicles (FAME) scheme in India on a pan-India basis. At present, the second phase of the FAME scheme has been implemented for a period of five years with effect from April 1, 2019, with a total budgetary support of Rs 10,000 crore.

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