Rajasthan Electric Vehicle (EV) Policy 2021 Unveiled

Rajasthan EV Policy 2021 was announced by Transport Minister Pratap Singh Khachariyawas

Published On: 20/07/21
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News Highlights

The policy includes reimbursement of SGST to the buyers
Two-wheeler incentives range between Rs 5,000-10,000
3-Wheeler & 4-Wheeler benefits are between Rs 10,000-20,000

Rajasthan has joined the bandwagon by unveiling its electric vehicle (EV) policy 2021 with a myriad of benefits on the purchase of electric two-wheelers, three-wheelers and four-wheelers in the state. Earlier, various states such as Delhi, Gujarat, Meghalaya and Maharashtra had offered similar incentives for buyers of electric vehicles in the respective states. Rajasthan EV Policy 2021 was announced by Transport Minister Pratap Singh Khachariyawas while it is a bit different from the other states.

As per the notification released by the Transport department, Government of Rajasthan, buyers will be refunded 2.5 percent SGST (State Goods and Service Tax) in their bank accounts within a week of purchase of electric vehicles through Direct Benefit Transfer (DBT) scheme. All the electric vehicles bought and registered between April 1, 2021 - March 31, 2022 in Rajasthan will be eligible for subsidies depending upon the battery capacity. The two-wheelers with battery capacity of upto 2 KWH will get the lowest incentive of Rs 5,000 while those with capacity over 5 KWH will get benefits of Rs 10,000. The three-wheelers and four-wheelers with battery capacity of upto 3 KWH will get a minimum subsidy of Rs 10,000.

The highest subsidy is announced for electric vehicles with battery capacity more than 5 KWH which is Rs 20,000. All of these benefits will be available to the buyers apart from the incentives offered under the Union Government's FAME 2 policy. After combining the state and central government benefits, the final cost of an electric vehicle would be substantially lesser. Ashok Gehlot, Chief Minister, Rajasthan had announced incentives on the purchase of electric vehicles in his budget speech earlier this year. The announcement of these benefits will certainly encourage people to buy EVs and the adoption of electric vehicles is expected to increase in the state.

A mechanical engineering dropout by choice, Mayank has been in the auto journalism biz for the past 8 years. He is currently working as an Associate Editor at Droom Discovery and covering each and every aspect of the auto industry. He has worked with a plethora of renowned Auto brands in his illustrious career so far. Being a student of English Literature, his mantras of success are the Never-Say-Never attitude and self-confidence. Mayank likes to travel, read books and listen to music during his free time.