UP EV Subsidy Portal Launched: Get Rs 5,000 incentive per electric two-wheeler and Rs 1 lakh per electric four-wheeler — check how to apply, last date, procedure, details
UP govt EV subsidy portal: Those looking to avail the EV subsidy must apply through the portal — upevsubsidy.in.
UP govt EV subsidy scheme: The Uttar Pradesh government on Wednesday inaugurated a subsidy portal, allowing e-vehicle buyers who purchased vehicles after October 14, 2022, to claim financial assistance. Officials announced that the initiative was envisaged to promote electric vehicles throughout the state. The move is part of the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022, which contains a purchase subsidy incentive scheme. Here are all the details regarding how electric vehicle buyers can claim the subsidy, procedure, amount and last date —
UP EV subsidy scheme: How to apply?
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Those looking to avail the EV subsidy must apply through the portal — upevsubsidy.in. Officials shared that once the application is submitted, the subsidy amount would be paid to the customer's bank account following the successful completion of a four-stage verification process.
According to a statement issued, the Uttar Pradesh Development Systems Corporation Ltd (UPDESCO) has been tasked with the development and maintenance of the portal.
Permission has been given under the Policy for the implementation of the Purchase Subsidy Promotion Scheme under specific conditions.
UP EV subsidy scheme: Opening date, Last date, Deadline
The EV subsidy scheme of the UP government, goes into effect on October 14, 2022.
The scheme will last until October 13, 2023.
UP EV subsidy scheme: Procedure, How to apply
The officials shared that once the electric vehicle buyer submits the application on — upevsubsidy.in, the subsidy amount would be paid to the customer's bank account following the successful completion of a four-stage verification process.
According to Rajiv Srivastava, Additional Commissioner (Transport), after submitting the application on the web, a four-level verification process would take place, beginning with dealer verification, followed by registration and departmental verification. The final inspection will be performed by TI (Transport Inspector).
According to the information reeased on the portal, the banking partner will send the subsidy amount to the customer's bank account within three working days of the verification process being completed.
UP Govt EV subsidy scheme: Who all can apply?
Individual beneficiaries (buyers) will be eligible for EV subsidies on the purchase of any single vehicle across vehicle segments.
However, purchase subsidies will also be available to aggregators or fleet operators (buyers), allowing a unit to receive subsidies for up to ten vehicles across vehicle classes.
UP EV subsidy scheme: How much subsidy can buyers get?
EVs without batteries: For those purchasing EVs without batteries, the subsidy amount will be 50% of the total subsidy. There is currently no time limit for granting the subsidy.
Two-wheelers: The subsidy for two-wheeler electric vehicles will be Rs 5,000 per vehicle for the first two lakh orders, not exceeding 15 per cent of the ex-factory cost.
Four-wheelers: For four-wheeler electric cars, the subsidy will be Rs 1 lakh per vehicle for the first 25,000 purchases, up to 15 per cent of the ex-factory price.
Electric buses: The first 400 non-government e-buses would receive a subsidy of Rs 20 lakh each vehicle, up to 15 per cent of the ex-factory cost.
E-goods carriers: The first 1000 e-goods carriers will receive a subsidy of Rs 1 lakh per vehicle.