The cabinet cleared the New Electric Vehicle Manufacturing and Mobility Policy 2022. The policy aims at generating a framework under which electric vehicles can be promoted in Uttar Pradesh.
The new policy is aimed at making UP a global hub for electric mobility development and manufacturing, enabling a transition to eco-friendly transportation systems, enabling investments for development of charging or battery swapping , attracting investments for manufacturing units and supply to a global market, and promoting research and innovations in non-ICE based automobiles, battery technology, fuel cell technologies and EV electronics.
Under the policy, incentives will be provided to consumers for purchasing EVs, to manufacturers and to service providers for charging and battery swapping Services. The policy states that 100% road tax and registration fee will be waived off across all segments of EVs during the first three years of the new policy. The exemption will also be provided in the fourth and fifth years of the policy provided the vehicle has been manufactured in UP.
A 15% subsidy will be given on factory cost for purchasing two-wheeler EVs, up to maximum Rs 5,000 per vehicle, applicable to the first 2 lakh EVs purchased. Similarly, up to a maximum Rs 12,000 will be provided for three-wheelers, for the first 50,000 EVs. For 4-wheelers a subsidy of up to Rs 1 lakh for the first 25,000 EVs and up to Rs 20 lakh per e-bus for the purchase of the first 400 buses will be provided. A 10% subsidy will be provided on the factory cost of e-goods carriers, up to Rs 1 lakh per vehicle for the first 1,000 e-goods carriers.