Key Policy Objectives
- Promote adoption of Electric Vehicles (EVs) in State to create greener environment
- Create employment opportunities both from
supply side and demand side of Electric Vehicles - Create a conducive environment for shift from
Internal Combustion (IC) engines to Electric Vehicles (EVs) - Develop a strong and sustainable ecosystem for battery management, right from production stage to disposal stage
- Develop a strong and sustainable ecosystem
for battery management, right from production stage to disposal stage
Key policy highlights
- Land Subsidy@25% of actual cost or prevalent circle rate of land whichever is less
- Capital Interest Subsidy@5% p.a. for 5 years upto Rs 50 lakh p.a., to Large, Anchor
EVMU/EBUs & MSME - Infrastructure Interest subsidy@ 5% p.a. for 5 years upto Rs 1 Cr, to Large, Anchor
EVMU/ EBUs & MSME - Energy@100% exemption to Large, Anchor EVMU/EBUs and MSME units for 10 years
- Patent and Certification@75% reimbursement of patent registration cost and 50%
reimbursement of quality certification charges for MSME only - Capital Subsidy for Charging Facility@25% on FCI (excluding land cost) to first
1000 charging stations upto Rs 6 lakh per charging station - Capital Interest Subsidy for Charging Station@50% reimbursement on FCI (excluding
land cost) for setting up hydrogen generation and fuelling plants to first 10 units, subject to max
INR 50 lakh per unit. - Vehicle Registration Fee@ 100% exemption from Vehicle registration fees (Only First
1 lakh buyers, and Vehicle manufactures in UP)
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