UP govt launches portal for applying EV subsidy online
Aiming to promote the sale and use of electric vehicles in Uttar Pradesh, the state government on Wednesday launched a subsidy portal that will provide financial support to customers who bought EVs after 14th October 2022.
This scheme is effective from 14th October 2022 and will continue till 13th October 2023.
For availing of the subsidy, one has to apply on the portal upevsubsidy.in Once the application is submitted, the subsidy amount will be transferred to the customer’s bank account.
How to Apply for EV Subsidy Online
The verification process begins with verification at the dealer level, followed by registration and departmental verification. The final verification is carried out by the Transport Inspector.
The banking partner will transfer the subsidy amount to their bank account within 3 working days after the verification process is completed.
As per the policy, two-wheeler electric vehicles will get Rs 5,000 per EV subsidy for the first two lakh purchases, not exceeding 15 percent of the ex-factory cost.
For electric four-wheelers, the subsidy will be Rs 1 lakh per EV for 25,000 earlier purchases, not exceeding 15 percent of the ex-factory cost.
For buyers purchasing EVs without batteries, the subsidy amount will be 50 percent of the total. This initiative is part of the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022 which includes a purchase subsidy incentive scheme.