Rajasthan has announced subsidies for e-2W, e-3W buyers.  Find out what’s in it for you

Rajasthan has announced subsidies for e-2W, e-3W buyers. Find out what’s in it for you

Rajasthan has become the last state to announce an electric vehicle policy after Maharashtra, Gujarat, Delhi. Rajasthan Ev policy is based on creating demand for zero emission vehicles by introducing subsidies for two and three electric wheels.

(Read also: 2021 Maharashtra EV policy: to carry five keys)

The policy says that Rajasthan will return the state component of GST (SGST) to the state’s EV consumers. Buyers who purchase EVs between April 2021 and March 2022 will receive this benefit.

Above this SGST refund, all two- and three-wheeled electric consumers will be eligible for additional subsidies. The amount of this grant will range from 5,000 and 20,000, depending on battery size.

The two electric wheels will receive intermediate money 5,000 and 10,000 batteries depending on the power of more than 2 kWh and 5 kWh. The three electric wheels, on the other hand, will be entitled to cash benefits 10,000 and Depending on the battery power of 20,000, 3 kWh and more than 5 kWh.

However, unlike other states, the government of Rajasthan will not subsidize any subsidies for electric vehicles or electric buses for passengers. Also, the amount of EV subsidy for two and three wheels is lower than in Maharashtra, Gujarat and Delhi.

Two- and three-wheelers have been the dominant electric vehicles in the country’s zero-emission vehicle market. Because of Covid-19, the rising cost of the buyer, the increased maintenance costs of ICE vehicles have led the buyer to choose E-2Ws to improve for personal vehicles. The three electric wheels, on the other hand, remain the fruit hanging for Fleet operators, e-commerce aggregators and last-mile suppliers. These reasons have helped e-2W and e-3W sales grow. The Rajasthan government aims to boost vehicle sales in both of these segments.

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Over the past year, several Indian state governments have announced EV policies to promote electric mobility. Some of them have been driven by the creation and production of demand through grants. On the other hand, some have focused only on the creation of demand. States like Tamil Nadu have focused only on production incentives.

Tamil Nadu announced its policy of becoming an EV center in India with the aim of drawing in September 2019 50,000 million investment. Delhi was the first state to announce a comprehensive EV policy in August 2020. The national capital aims to register 500,000 electric vehicles by 2024 by 2024, according to its EV policy.

Gujarat announced its EV policy in June 2021, targeting 200,000 EV registrations. This includes 110,000 e-2W, 70,000 e-3W and 20,000 e-4W. Maharashtra also announced in July 2021 its assumed EV policy.

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