New Subsidy Schemes For Electric Vehicles: State Wise EV Subsidy Schemes 2022 : How To Apply Online, Features

Electric Vehicles

Today we are living in the 21st century. In this time interval we have seen many changes, like earlier people used to walk from one place to another, later bullock carts were used to make the journey more convenient, after that to make the journey more convenient. Motor vehicles started coming in trend. And today we see the most expensive vehicles running on the roads.

Due to this change and the increasing trend of new vehicles, the nature is going to suffer a lot in the future and may have to face the shortage of resources used in them.

Keeping all these things in mind, the Government of India is promoting electric vehicles.

If you are thinking of buying an electric vehicle, then this article will be very useful for you, in which you will be able to know the subsidy scheme of every state.

 

Electric Vehicles (EVs) are a promising alternative to ICE (Internal Combustion Engine) vehicles. Innovations in battery technology, reduction in moving parts, and zero tailpipe emissions make EVs an economically viable and sustainable mobility solution.

(Government of India) launched the National Mission on “Transformative Mobility and Energy Storage” to develop a complete ecosystem around EVs at the domestic level.

India is committed to reducing emissions by 33-35% by 2030 from 2005 levels and has set a target of 40% non-fossil based electricity generation in the energy mix. This requires radical measures to increase the share of renewable energy, in addition to the ongoing program of 175 GW RE by 2022.

Some possibilities are being expressed by this campaign being run by GOI Which are as follows:

• Battery cost will be halved
• Electric vehicle performance will be doubled
• The charging time is expected to be reduced from 5 hours to less than 1 hour,

 

FAME 1

The Government of India is coming up with new schemes to accelerate the ‘EV’ sector in the interest of creating environment-friendly conditions and fuel security.For which Government Of India launched the FAME (Faster Adoption And Manufacturing Of Hybrid And Electric Vehicles In India) scheme, whose objective is to:

• To reduce the use of diesel and petrol powered vehicles in the country
• To facilitate the sale of 6-7 million electrical and hybrid vehicles by the year 2020

FAME-1 was an experimental phase based on certain key points which are given below.

• create demand
• Preparation of charging infrastructure

Initially, the FAME 1 scheme was approved for 2 years from 1 April 2015. Later on the ‘EV’ subsidy scheme was extended from time to time which was finally extended till 31st March 2019

The scheme faced some difficulties such as the need to reduce the cost to increase the demand and low interest of the people due to lack of adequate charging stations.

FAME 2 Schemes:

FAME 2 was the second phase of the ‘EV’ subsidy scheme which was launched on 1st April 2019. The FAME-II scheme was originally for a period of three years ending on March 31, 2022.Earlier this year, it was extended till March 31, 2024.

• The main objective of this scheme is to reduce the demand of fuel by replacing petrol and diesel vehicles.
• The Cap on the incentive has been increased to 40% of the vehicle cost  from 20%.
• This scheme promotes green ecosystem
• Affordable costing
• To Accelerate this phase, GOI has also given many types of subsidies in this scheme.So that all the Manufacturers, Suppliers, Distributors and Consumers can get the benefit of it.

These EV subsidies/incentives are provided by the respective State Governments and are applicable across the country, as follows:-

State	Subsidy (in rupees)				Road tax exemption	Remarks
	2- wheeler		4-wheeler
	Subsidy (per KWh Of Battery Capacity)	Max Subsidy	Subsidy (per KWh Of Battery Capacity)	Max Subsidy
Assam	10000	20000	10000	150000	100%	Only for the first 1000 cars registered in the state
Andhrpradesh	NA	NA	NA	NA	100%
Bihar	10000	20000	10000	150000	100%
Delhi	5000	30000	10000	150000	100%
Gujarat	10000	20000	10000	150000	50%	2w-  for the first 1.1L consumers 4w-for the first 1000 buyers
Kerala	NA	NA	NA	NA	50%
Karnataka	NA	NA	NA	NA	100%
Madhya Pradesh	NA	NA	NA	NA	99%
Maharashtra	5000	25000*	5000	250000*	100%	2w- first 1L buyer 4w- for the first 10000 buyers
Meghalaya	10000	20000	4000	60000	100%	2w- first 3500 buyers 4w- for the first 2500 buyers
Odisha	NA	5000	NA	100000	100%	2w- first 2L buyer 4w- for the first 5000 buyers
Punjab	NA	NA	NA	NA	100%
Rajasthan	2500	10000	NA	NA	NA	SGST reimbursement before 31 march 2022
Tamil Nadu	NA	NA	NA	NA	100%
Telangana	NA	NA	NA	NA	100%	2w- first 2L buyer 4w- for the first 5000 buyers
Uttar Pradesh	NA	NA	NA	NA	2W-100% 4-W-75%
West Bengal	10000	20000	10000	150000	100%