Electric Vehicle Subsidy Policy in Chhattisgarh
The Chhattisgarh government is constructing more charging stations throughout the state in response to the increase in the number of electric vehicles on the road. The government of Chhattisgarh also provides substantial subsidies for the production of electric vehicles as well as for the installation of EV chargers and swappable battery stations around the state. Owners are given financial incentives for both purchasing and scrapping vehicles.
There is a rapid shift in the transportation sector from ICVs to electric vehicles. The desire to improve renewable energy sources while lowering the nation’s high oil import costs and bad air quality is what spurred the adjustment. Accordingly, the state of Chhattisgarh implemented an electric vehicle subsidy scheme in 2022. The state government may decide to prolong the subsidy policy’s validity beyond five years to a maximum of ten. The Chhattisgarh state administration hopes to encourage widespread EV use while lowering vehicle emissions by introducing an EV subsidy policy.
Let’s have a detailed look at Chhattisgarh State Electric Vehicle Policy 2022.
EV Purchase Incentives in Chhattisgarh
The Chhattisgarh state government will offer subsidies on the purchase of electric vehicles for five years, till 2026–2027, up to 10% of the cost of the vehicle (excluding tax) or Rs. 1.5 lacs, whichever is less.
To reduce the viability gap between an internal combustion vehicle (lCV) and an EV of a comparable model, specification, and performance, the State Government shall provide capital subsidies.
Sales and registration of fully electric vehicles within the state of Chhattisgarh will qualify for EV subsidy incentives. In contrast, hybrid electric vehicle sales will only be eligible for a 50% purchase incentive.
Additional Subsidy Incentives for 2Ws/3Ws/4Ws in Chhattisgarh
For the duration of the EV subsidy policy’s active phase, the state of Chhattisgarh will offer a 100% exemption from road tax and registration fees on EV purchases.
Urban local bodies (ULB) will offer all personal EVs 50% subsidized parking.
Purchase Incentives for Electric Buses in Chhattisgarh
100% of the SGST on electric buses purchased and registered in Chhattisgarh is covered by the state government. If the e-buses are purchased throughout the policy period, the amount will be refunded.
For the first five years of the policy, road tax and registration fees are entirely exempt.
Bus companies in the state that want to replace their current diesel-powered buses with electric ones can receive additional financial rewards through a special transportation fund.
Purchase Incentives for Goods/Other Vehicles in Chhattisgarh
On the sale of electric goods, carriages and other vehicles sold and registered in Chhattisgarh throughout the policy term, the state government offers 100% SGST. You will receive a refund for the SGST you paid at the time of purchase.
For the duration of the policy, road tax and registration payments are entirely waived.
Electric goods vehicles (vehicle categories qualifying under FAME India Phase-II) are accessible from the state’s ban on idling parking at certain times, as announced by the local authorities on specific routes in the state.
How to apply for the Chhattisgarh State Electric Vehicle Subsidy Policy?
There currently needs to be a specific online portal created for Chhattisgarh’s EV subsidizing scheme. In order to provide information about EVs, charging infrastructure, applying for EV-related incentives, and more, the state government is building an online portal.
For the time being, all EV owners in the state who qualify for the subsidy advantages under the FAME India Phase-II plan should register their cars at Chhattisgarh’s official VAHAN portal or the dealer’s end.
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