UP govt extends EV subsidy policy till 2027; Rs 5,000 for 2-wheelers, Rs 1 lakh for 4-wheelers

Under the scheme, electric two-wheelers will get a subsidy of Rs 5,000, while 4-wheelers will be eligible for an incentive of Rs 1 lakh, according to the government notification.

The government of Uttar Pradesh on July 16 notified the extension of its electric vehicles policy till 2027, the state said in a statement.

Under the scheme, electric two-wheelers get a subsidy of Rs 5,000, while 4-wheelers are eligible for an incentive of Rs 1 lakh, according to the government notification.

The government has kept aside Rs 100 crore for two-wheelers with a target of subsidizing 200,000 vehicles, while for 4-wheelers it has a budget of Rs 250 crore.

The scheme also provides a subsidy of Rs 20 lakh for private electric buses and Rs 12,000 per vehicle for e-three-wheelers.

Moreover, the state government has not changed its policy on road tax waiver for hybrid cars as of now, according to CNBC-TV18.

The channel also said the state government is yet to issue clarification on the range of price for vehicles that will be eligible for road tax waiver.

Last week, UP had announced the complete waiver of road taxes on hybrid vehicles. However, later, the state issued a clarification and said only cars up to a certain price range will be eligible for the waiver. According to CNBC-TV-18, the price range could be up to Rs 20 lakh. A final decision is yet to be made on this regard, the channel said.

The state government officials also met automakers last week, including Maruti Suzuki, Tata Motors, Toyota and Mahindra group.