Sub­sidy on EVs

Commercial Vehicle - - WHAT'S INSIDE -

The Gov­ern­ment has come out with an on­line por­tal where buy­ers could avail a sub­sidy on pur­chase of elec­tric ve­hi­cles. EVs are said to be en­ti­tled to a sub­sidy of Rs.12,000. With plans of the state of Ma­ha­rash­tra to sub­sidise charg­ing rates and set up 500 recharg­ing points over a pe­riod of two years, the new ini­tia­tive in­cludes a 10 per cent sub­sidy on pub­lic and pri­vate buses on their base price in the state, capped at Rs.20 lakh per ve­hi­cle. Avail­able on the por­tal is a de­tailed reg­is­tra­tion form. Of­fered on a first come, first serve ba­sis (to first one lakh EVs, in­clud­ing 20,000 three-wheel­ers and first 1000 EV buses), the form calls for de­tails of the EV pur­chased to dole out the sub­sidy. The de­tails in­clude scanned copies of ve­hi­cle reg­is­tra­tion cer­tifi­cate, in­voice, PAN card, and a can­celled cheque for ac­count de­tails where the amount would be de­posited, sub­ject to the ap­pli­ca­tion be­ing ac­cepted. The dis­burse­ment pe­riod of sub­sidy un­der the new EV pol­icy is set for un­der three months from the date of suc­cess­fully sub­mit­ting the ap­pli­ca­tion.

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