Electric Vehicles policy: India’s Chandigarh state have handed out Rs 6 crore incentives to 964 EV buyers in just 8 months

Since the scheme’s inception in September last year to April 30, the Chandigarh Renewable Energy and Science and Technology Promotion Society (Crest) of the UT administration has distributed over Rs 6 crore in incentives to 964 purchasers of electric vehicles (EVs).

An “Early Bird Scheme” of Rs 1.43 crore was disbursed to entice Electric Vehicles purchases until March 31.

The incentives have been distributed across all EV categories. According to the data, two-wheeler vehicles received the most rewards. According to the data, a total of 705 two-wheeler EV buyers received incentives, followed by approximately 241 four-wheeler and 17 three-wheeler consumers.

“The “Early Bird Scheme” was to attract buyers after the start of the electric vehiclespolicy in September 2022. The department has received a good response as many people came forward to take the benefit,” sources said.

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Electric Vehicles
credit: economictimes

Data revealed that over 1,500 electric vehicles have registered in the city from the publication of the EV policy in September 2022 to the end of March 31, 2023. There were 1,095 two-wheelers, 353 four-wheelers, and 102 three-wheelers among them. Currently, an EV buyer must visit the Crest office to submit documents such as the EV’s invoice and others in order to qualify for the discounts. The sum is released after processing and adhering to the requirements.

Debendra Dalai, chief executive officer, Crest, said,” The objective of the EV policy is being achieved. More and more people are gradually switching over from internal combustion engine to EV in the city. The process of seeking incentives is simple and the amount is being disbursed on time.”

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