To speed up the adoption of electric vehicles in the city, the Chandigarh Council for the Advancement of Renewable Energy and Technology (CREST) released a total of ¥Since the EV policy was introduced last September, incentives of Rs 7.66 crore have been provided for such vehicles. According to the Hindustan Times (HT), the incentives have been handed out over eight months for the purchase of 1,246 battery-powered and hybrid vehicles.
Among the total number of newly purchased electric/hybrid vehicles in the city during the period, there were 326 four-wheel vehicles, 895 two-wheel vehicles, and 25 three-wheel vehicles.Further disaggregation of the data shows that in the total subsidy ¥Rs 7.66 crore, total ¥Rs 203 crore released for electric two-wheelers, ¥5.20 crore was released for four-wheelers, while ¥Rs 1.3 lakh was released for tricycles.
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In addition, more than 40 incentive applications are still pending at CREST, the city’s nodal agency for EV policy implementation. The union territory’s five-year electric vehicle policy has been approved by the executive branch for issuing standard operating procedures (SOPs) for fiscal incentives.
The Electric Vehicle Program provides direct incentives to purchase a new electric or hybrid vehicle in a city and register it with the local Registration and Licensing Authority (RLA). The incentive will remain in effect until September 19, 2027, or until the government decides otherwise. However, these do not apply to government departments.
CREST program director Sukhwinder Singh Abrol told HT that in order to receive the incentive amount, owners of electric/hybrid vehicles need to submit a claim that is complete in all respects within three months of purchasing a new vehicle. Awards will be released to beneficiaries within 15 working days of acceptance of all documents, subject to availability of funds, he added.
First published date: June 22, 2023 at 14:38 PM CST