UP Govt Extends Electric Vehicle Subsidy Until 2027

The central and state governments in India are actively promoting the adoption of electric vehicles (EVs) through subsidies and incentives

This support aims to boost EV demand and encourage auto manufacturers to focus on electric models.

Support for Four-Wheelers

For electric four-wheelers, the subsidy amount has been set at up to Rs 1 lakh per vehicle.

A substantial allocation of Rs 250 crore has been earmarked by the state government, benefiting approximately 25,000 four-wheeler EVs over the subsidy period.

Uttar Pradesh Extends EV Subsidy Deadline

The Uttar Pradesh government has recently extended the deadline for EV subsidies to 2027. This extension is aimed at sustaining EV demand and providing continued relief to buyers in the state.

Subsidy Details and Eligibility

Extension of Subsidy till 2027

The Uttar Pradesh government has prolonged the subsidy period for electric vehicles, enabling buyers to avail subsidies until October 2027.

Incentives for E-Buses and Goods Carriers

Additionally, subsidies of Rs 20 lakh per e-bus and Rs 1 lakh per goods carrier EV are also available.

The government has allocated Rs 80 crore for e-buses and Rs 10 crore for goods carriers, supporting the adoption of cleaner transport solutions across Uttar Pradesh.

Subsidy Amounts

Two-Wheelers: A subsidy of Rs 5,000 per vehicle with a provision of Rs 100 crore.

Four-Wheelers: Up to Rs 1 lakh subsidy per vehicle, limited to 25,000 units, supported by Rs 250 crore.

E-Buses: Rs 20 lakh subsidy per bus, with Rs 80 crore allocated, benefiting up to 400 buses.

Goods Carrier EVs: Rs 1 lakh subsidy per vehicle, with Rs 10 crore set aside for 1,000 vehicles.

While the previous policy offering discounts for one year ended in October 2023, these extended subsidies underscore the government’s commitment to fostering a greener automotive future in Uttar Pradesh.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More Articles