Driving Green: Uttar Pradesh's Electric Vehicle Subsidy Initiative"

 Empowering Green Transit: Uttar Pradesh's Electric Vehicle Subsidy Scheme

In a bid to revolutionize the transportation sector and reduce carbon emissions, the Uttar Pradesh government has rolled out an ambitious subsidy scheme to incentivize the adoption of electric vehicles (EVs) across the state.

This groundbreaking initiative, effective from October 14, 2022, until October 13, 2023, aims to catalyze the transition towards eco-friendly mobility solutions.

Let's delve into the intricacies of this subsidy scheme:

1. Scheme Period: The subsidy scheme spans from October 14, 2022, to October 13, 2023, fostering a conducive environment for EV adoption within this timeframe.

2. Application Process:

• Aspiring EV owners can seamlessly apply for subsidies through the dedicated subsidy portal established by the government. This user-friendly platform facilitates hassle-free applications and expedites the subsidy disbursement process.
• The application journey involves a meticulous four-level verification process, commencing with dealer verification, followed by registration, departmental scrutiny, and culminating in a final inspection by the Transport Inspector (TI).
• Upon successful verification, the subsidy amount is promptly transferred to the beneficiary's bank account within a swift span of three working days, ensuring prompt financial support.

3. Subsidy Amounts:

• Two-Wheeler Electric Vehicles: Eligible recipients can avail a subsidy of Rs 5,000 per vehicle for the first two lakh purchases, capped at 15% of the ex-factory cost.
• Four-Wheeler Electric Vehicles: A substantial subsidy of Rs 1 lakh per vehicle is extended to the initial 25,000 purchases, subject to a ceiling of 15% of the ex-factory cost.
• Non-Government E-Buses: The first 400 non-government e-buses qualify for a generous subsidy of Rs 20 lakh per vehicle, up to 15% of the ex-factory cost.
• E-Goods Carriers: The scheme offers a commendable subsidy of Rs 1 lakh per vehicle for the initial 1000 e-goods carriers, with a maximum allowance of 10% of the factory cost.

4. Additional Information:

• Individual buyers and aggregators alike stand to benefit from the subsidy scheme, with provisions for single vehicle purchases and fleet acquisitions (up to 10 vehicles) across diverse vehicle segments.
• Notably, purchasers opting for EVs without batteries are entitled to 50% of the total subsidy amount, underscoring the government's commitment to accommodating diverse consumer preferences.

This visionary subsidy initiative epitomizes Uttar Pradesh's unwavering commitment to fostering a sustainable, low-carbon future. By incentivizing the widespread adoption of electric vehicles, the state aims to mitigate environmental degradation, reduce dependency on fossil fuels, and propel the transition towards a greener, more resilient transportation ecosystem.

Aspect	Details
Scheme Period	October 14, 2022, to October 13, 2023
Application Process	Four-level verification process: Dealer, registration, departmental, Transport Inspector . Subsidy transferred within 3 working days after verification
Subsidy Amounts	Two-Wheeler EVs: Rs 5,000 per vehicle, capped at 15% of ex-factory cost Four-Wheeler EVs: Rs 1 lakh per vehicle, capped at 15% of ex-factory cost Non-Government E-Buses: Rs 20 lakh per vehicle, capped at 15% of ex-factory cost Non-Government E-Buses: Rs 20 lakh per vehicle, capped at 15% of ex-factory cost E-Goods Carriers: Rs 1 lakh per vehicle, capped at 10% of ex-factory cost
Additional Information	Subsidy applicable to individual buyers and aggregators. 50% subsidy for EVs purchased without batteries

Reference:

• Uttar Pradesh EV portal: Link
• Electric Vehicle Subsidy In Uttar Pradesh - Rickshaws360: Link
• Uttar Pradesh EV portal: Here's how to and how much subsidy you can: Link
• UTTAR PRADESH ELECTRIC VEHICLE MANUFACTURING POLICY 2022: Link