Rajasthan EV Policy 2022-2023 – On August 31, 2022, Rajasthan introduced the Rajasthan Electric Vehicle Policy 2022 (REVP 2022) to promote the use of electric vehicles in the state, joining over 15 other Indian states that have implemented similar policies.
The state government has also allocated an additional budget of Rs 40 crore for reimbursement of State Goods and Services Tax on the purchase of electric vehicles.
Rajasthan EV Policy 2022-2023
Rajasthan is the latest state to adopt such a policy, following in the footsteps of:
- Goa EV Policy
- Delhi EV Policy
- Gujarat EV Policy
- Maharashtra EV Policy
- West Bengal EV Policy
The state’s Chief Minister, Ashok Gehlot, has approved the policy and stated that its implementation will decrease pollution caused by traditional gasoline and diesel vehicles in the state.
He had earlier announced the introduction of an electric vehicle policy in the 2019-20 state budget.
About Rajasthan EV Policy 2022-2023
The Rajasthan Electric Vehicle Policy 2023 (REVP 2023) is a set of guidelines and incentives released by the state government of Rajasthan to promote the use of electric vehicles (EVs) in the state.
The main goal of the policy is to reduce vehicular emissions by encouraging the shift towards clean mobility and to create a conducive environment for the overall development of the electric vehicle ecosystem in the state.
The REVP 2023 aims to support the adoption of EVs in both personal mobility and public transport segments. It also aims to enable the creation of a robust network of EV charging stations and battery-swapping stations catering to all types of EVs with a focus on clean energy sources.
The policy also includes provisions to foster research and development and skill development in the state’s electric mobility space. Additionally, the policy aims to promote the manufacturing of EVs and batteries in the state by providing appropriate incentives under the Rajasthan Industrial and Investment Policy 2023 (RIPS 2023).
The policy is valid for a period of 5 years from the date of notification, with a detailed review to be undertaken annually or as required. Incentives provided under the policy will be extended only for the policy period unless otherwise stated or notified.
In terms of financial incentives, the REVP 2023 prescribes a range of benefits for the purchase of EVs in the state.
These include reimbursement of state goods and services tax (SGST) on the purchase of EVs, subsidies for the installation of charging infrastructure, and exemptions from road tax and registration charges for EVs.
The policy also includes provisions for the creation of a dedicated EV fund to provide financially.
Features of Rajasthan EV Policy 2022-2023
The Rajasthan Electric Vehicle Policy 2022 (REVP 2022) outlines the vision, objectives, scope, implementation procedure, institutional structure, and benefits related to electric vehicles in Rajasthan.
Some of the important highlights of the policy include:
- The State government has allocated Rs 40 crore for electric vehicle purchase incentives and reimbursements of State Goods and Services Tax (SGST).
- The state government has announced reimbursement of Rs 5,000 to Rs 10,000 SGST for two-wheelers and Rs 10,000 to 20,000 for the purchase of three-wheelers based on the battery capacity of the vehicle.
- The transport department has received Rs 40 crore to clear pending cases of grants for the purchase of electric vehicles.
Rajasthan EV Policy 2022 – Vision:
The major purposes of Rajasthan Electric Vehicle Policy 2022 (REVP 2022) are:
- To reduce vehicular emissions by promoting the shift towards hygienic mobility.
- To assemble a advantageous environment for the overall development of the Electric Vehicle ecosystem in the state of Rajasthan.
Objectives of Rajasthan EV Policy 2022
The major objectives of Rajasthan Electric Vehicle Policy 2022 (REVP 2022) are:
- To encourage the adoption of Electric Vehicles in both personal transportation and public transportation segments.
- To establish a robust network of Electric Vehicle charging stations and battery swapping stations catering to all types of Electric Vehicles, with a focus on clean energy sources.
- To foster research and development and skill development in the State’s electric mobility space.
- To encourage the manufacturing of electric vehicles and batteries in the State by providing appropriate incentives under the Rajasthan Industrial and Investment Policy 2019 (RIPS-2019).
Policy Period:
The main provisions of the Rajasthan Electric Vehicle Policy 2022 (REVP 2022) include:
- The policy will be valid for a period of 5 years from the date of notification, with a detailed review to be performed yearly or as needed.
- The incentives will be extended only for the policy period unless otherwise stated or notified.
Targets:
Through different provisions and enabling initiatives, the policy aims to achieve the following category-wise targets by the end of the policy period:
| Category | Target |
|---|---|
| e Two wheelers | 15% Electric Vehicle share in new vehicle registrations |
| e Three wheelers | 30% Electric Vehicle share in new vehicle registrations |
| e Four wheelers | 5% Electric Vehicle share in new vehicle registrations |
| e Buses | Phased transition to e Buses used in routes connecting priority cities |
| Manufacturing | Manufacturing target of 35 Lakh units per year in the next 5 years. |
Financial Incentives:
The Rajasthan Electric Vehicle Policy 2022 (REVP 2022) summarizes the following financial incentives for the investment of electric vehicles in the state:
Also Read: EV RTO Rules for Electric Vehicles in India
More Related Search Queries from Our Readers:
- Rajasthan Electric Vehicle Policy 2022 Pdf
- How to Apply For EV Subsidy in Rajasthan
- Rajasthan EV Policy Pdf
- Electric Scooter Subsidy in Rajasthan 2022
- Rajasthan EV Subsidy Apply Online
- How to Get Subsidy on Electric Scooter in Rajasthan
- Nexon EV Subsidy in Rajasthan
- EV Policy Rajasthan
Conclusion:
The REVP 2023 is a powerful step forward in Rajasthan’s actions to encourage clean and endurable conveyance.
The policy’s conditions and incentives are designed to promote the adoption of EVs and assemble a favorable environment for the development of the EV ecosystem in the state.
The policy will not only allow for reducing of emissions and enhance air quality but also develop new opportunities for investment, technology, and job creation in the state.
We hope that our above guide on Rajasthan EV Policy 2023 covers all the topics related to it. If you found this article helpful to you then you can also impart this in-depth to your friends and relatives. Thanks for giving your precious time to our website and stay always connected to our site.
