Yogi cabinet approves new electric vehicle manufacturing policy

rawan239

2 years ago

In a bid to promote faster adoption of clean mobility solutions and create a conducive ecosystem for electric vehicles in Uttar Pradesh, the Yogi Adityanath cabinet approved the new Electric Vehicle Manufacturing and Mobility Policy-2022 on Thursday.

Under the new policy, a huge subsidy will be given by the on the purchase of electric vehicles.

He said the new electric vehicle policy aimed not only at developing an eco-friendly transport system in the state but also to make Uttar Pradesh a global hub for manufacturing of electric vehicles, batteries and related equipment.

A provision for a three-pronged incentive system has been made in the Electric Vehicle Manufacturing and

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Mobility Policy-2022 that includes benefits to consumers for purchasing EVs; to manufacturers of EV, EV batteries and related components; and to service providers developing charging/swapping facilities.

During the first three years of the effective period of the new policy, there will be 100 per cent road tax and registration fee exemption on the purchase of all categories of electric vehicles. If the electric vehicle is manufactured in the state, the same exemption will continue in the fourth and fifth years also.