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Rajasthan Launches New Electric Vehicle Policy, Sanctions Rs. 40 Crore when subsidizing the purchase of electric vehicles


The government of Rajasthan implemented a new electric vehicle policy that provides financial incentives to electric vehicle buyers in the state on Thursday. Under the new Rajasthan Electric Vehicle Policy (REVP), the government has approved Rs. 40 crore is the total amount contributed to the purchase of an electric vehicle. The state’s policy to encourage the adoption of electric vehicles will take effect for 5 years from today (September 1). Minister Ashok Gehlot announced the EV policy in the 2019-20 budget.

According to a PTI report citing a transport ministry official, the state government has issued a notice on the implementation of the Rajasthan Electric Vehicle Policy (REVP). The EV policy will be in effect for 5 years from today. The state government has reportedly sanctioned a fund of Rs. 40 crore for donation on purchase EVs.

Minister Ashok Gehlot previously announced the policy on the 2019-20 budget. Then, the draft policy was adopted on May 24 of this year. The government has approved a one-time contribution to purchase electric vehicles and an additional budget of Rs. 40 crore for State Goods and Services Tax (SGST).

To encourage the purchase of electric vehicles, the state government will refund the SGST amount of Rs. 5,000 to Rs. 10,000 for two-wheelers. For the purchase of a tricycle, Rs. 10,000 to Rs. 20,000 will be refunded based on the vehicle’s battery capacity.

Meanwhile, the transportation department received Rs. 40 crore to clear all pending fees associated with the purchase of an electric vehicle.


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