The Uttar Pradesh government has announced the New Electric Vehicle Manufacturing and Mobility Policy, 2022, to promote faster adoption of clean mobility solutions and create a conducive ecosystem for EVs in the state, an official release said on Thursday. The policy provides for a three-pronged incentive regime that includes benefits to consumers for purchasing EVs; to manufacturers of EVs, batteries and related components; and to service providers developing charging/ swapping facilities.
The main objective of the policy is not only to create an eco-friendly transportation system in the state, but also to make Uttar Pradesh a global hub for the manufacturing of electric vehicles, batteries and associated equipment, the release said. The policy aims at attracting investment of more than Rs 30,000 crore and generate direct and indirect employment for over one million people, it said.
Since Uttar Pradesh is one of India’s largest consumer markets, the policy also provides attractive subsidies to buyers. This includes 100 per cent road tax and registration fees exemption during the first three years of the effective period of the policy on all segments of electric vehicles purchased and registered in Uttar Pradesh.
Read more: https://economictimes.indiatimes.com/industry/renewables/up-announces-new-ev-policy-offers-incentives-to-buyers-manufacturers/articleshow/94843148.cms
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