Due to rising pollution levels, several driving regulations have been implemented in the country’s capital, Delhi. Meanwhile, the government has been actively promoting the use of electric vehicles for some time. To encourage this, state governments are offering various incentives to make purchasing EVs more affordable. Additionally, the government is providing special offers for buying electric two-wheelers.
Subsidy on Purchase of Electric Vehicles Across States
To promote the adoption of electric vehicles (EVs) and reduce pollution, several Indian states have implemented EV policies under the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) subsidy scheme. These policies aim to make EVs more affordable by offering financial benefits to buyers. Here’s a detailed breakdown of subsidies and benefits offered by different states:
- Gujarat:
The state provides a significant boost to EV adoption with subsidies of up to Rs 20,000 for electric two-wheelers, Rs 50,000 for three-wheelers, and up to Rs 1.5 lakh for four-wheelers. This comprehensive support makes EV ownership more accessible in Gujarat. - Maharashtra:
Maharashtra offers one of the highest subsidies for EVs. Buyers can avail of up to Rs 25,000 for two-wheelers, Rs 30,000 for three-wheelers, and a substantial Rs 2.5 lakh for four-wheelers, making it a favourable state for EV purchases. - Meghalaya:
In this northeastern state, subsidies include up to Rs 20,000 for electric two-wheelers and up to Rs 60,000 for four-wheelers. However, no subsidies are currently available for electric three-wheelers. - Karnataka:
While Karnataka does not offer direct subsidies on EV purchases, it supports the industry by providing financial incentives to manufacturers for producing EVs. Buyers still benefit from the growing EV infrastructure in the state. - Andhra Pradesh:
No monetary subsidies are offered for EV purchases in Andhra Pradesh. However, the state has exempted buyers from registration charges and road tax, reducing the overall cost of owning an EV. - Tamil Nadu:
Tamil Nadu has waived 100% of road tax and registration charges for EV buyers, significantly lowering ownership costs. The state government has indicated it may revisit and expand its EV policy soon.
These state-specific benefits make EVs a more attractive option for buyers across India, with varying levels of support depending on the region.