With the intention of transitioning the state to electric vehicle mode by 2030, the Uttar Pradesh government has created a proposal for the Electric Vehicle Policy Draft 2022-2027.
The government has announced a range of promotional steps to aid in the adoption of electric vehicles in the nation, including tax incentives for EV owners, the creation of public EV charging infrastructure, and more. Over a million people will gain direct and indirect employment, and investment will be promoted. In the following 8 years, it seeks to put the entire state on the electric grid. Large incentives are promised by the policy to individuals who purchase EVs and powerful hybrid vehicles.
The state has implemented its own electric vehicle laws to support national electric mobility regulations and promote futuristic sustainable mobility. The EV policies include financial subsidies for EV purchases, exemption from road tax, waivers of vehicle registration costs, and low loan interest rates on EV purchases; they also include programs for mass transit and the purchase of more electric cars. Additionally being built are EVs, their battery production infrastructure, charging infrastructure, and scrapping centers.
Making the state a center for the production of electric vehicles, batteries, and related machinery is the primary goal of the EV policy.
The state must also build an eco-friendly atmosphere in addition to this. Encouraging the use of electric vehicles in the state to improve the environment is important.
Making a transition from internal combustion engines to electric vehicles as easy as possible. Creating jobs in the electric vehicle industry on both the supply and demand sides as well as creating a robust and long-lasting ecosystem for managing batteries, from manufacturing through disposal are also a few of the goals to be achieved. The state’s goal is to advance the vision, mission, and objective of the policy. The state’s electric vehicle business climate is also made easier by this strategy.
UP EV Policy 2022-27: Highlights
According to the policy, they will receive a 100% discount on their registration. Electric two- or four-wheeled vehicles, such as e-buses, will receive a 15% rebate on purchases while receiving a 100% reduction on state registration and road tax. The EV policy will apply to all types of EVs, including battery-electric cars, strong hybrid electric vehicles, plug-in hybrid electric vehicles, EV supply equipment, onboard chargers, vehicle control units, and battery management systems.
Electric car registration and road tax will be completely exempt for the first three years of the EV policy’s implementation. After that, the fourth and fifth years will receive a 50% relaxation. Also, for a period of one year following the date the EV policy was issued, a discount of 15% off the car’s manufacturer’s suggested retail price would be offered when buying a 2-wheeler electric vehicle which would amount to Rs.5000.
Two lakh two-wheeler EV vehicles will receive an exemption under a budgetary provision of Rs 100 crore. The policy calls for the conversion of both the urban and rural public transportation systems to electric vehicles. The roads will have signs indicating how to use them. These routes will be serviced by Electric buses.
Additionally, all government vehicles will be converted to electric vehicles by 2030.
On the other hand, government workers will be urged to purchase EVs and will even receive an advance. A Go Electric campaign will also be started to advertise EVs. In order to implement the EV policy, a 12-member empowered committee will be formed and led by the Industrial Development and Infrastructure Commissioner.
According to the draft EV policy, charging stations will be constructed on expressways at intervals of 25 km and within a 9 km radius in urban areas.
Additionally, charging stations will be installed at parking lots, subway stations, bus stops, gas stations, commercial buildings, educational and medical facilities, and shopping malls in urban areas. The property for the charging station will be provided on a ten-year lease, which is significant.
The first 2,000 charging stations would receive a 20% subsidy of up to Rs 10 lakh.
The state electric vehicle market will experience a huge revolution as a result of this policy. By establishing an affordable, dependable, safe, and accessible infrastructure and environment, the laws and regulations provided within this framework should promote the rapid adoption of EVs throughout the state.