To support EV adoption in UP, the government notified an extension of its clean mobility policy for up to three years, with lucrative incentives and tax relaxation.
On Tuesday, the Uttar Pradesh government announced extending its Electric Vehicle Manufacturing and Mobility Policy until 2027, continuing the subsidies and incentives for three more years.
According to reports by CNBC TV, the UP government will spend Rs 4.09 billion on the policy extension until 2025.
This came right after the state government exempted road taxes and registration fees on hybrid vehicles, clarifying later that the waiver applies only to cars within a specific price range.
The scheme, incepted in 2022, already provides Rs 5,000 for two-wheelers, up to Rs 100,000 for electric cars, Rs 200,000 for private electric buses, and Rs 12,000 for electric three-wheelers. Initially, Rs 1 billion was allocated for 200,000 two-wheelers and Rs 2.5 billion for four-wheelers.
Furthermore, the policy encouraged EV adoption through financial incentives for consumers, manufacturers, and service providers.
Consumers across UP benefit from discounts on EV purchases, manufacturers receive capital subsidies and stamp duty reimbursements, and service providers get subsidies for charging infrastructure and low-cost land for public charging stations.
Additionally, the scheme offers 30% capital subsidies (up to Rs 10 billion) for large battery projects, stamp duty rebates for EV and battery plants, subsidies for charging infrastructure, and low-cost land for public charging stations.
Aiming to attract over Rs 300 billion in investments and create over a million jobs, the policy extension through 2027 highlights the state’s focus on advancing EV adoption and sustainable transport.
