Gujarat Sees 600 Percent Jump In Electric Vehicle Registrations In One Year

The World Resources India (WRI), an international clean energy think tank, claimed that between 2021 and 2022, Gujarat recorded a steep hike in registration of Electric Vehicles (EVs).

WRI-India, in its analysis, said that between 2021 and 2022, the state witnessed a 600 percent rise in EV registration. The state government in 2021 came up with its EV Policy. The think-tank claimed that the new policy proved to be a game changer. With this, WRI said that Gujarat became the fifth-highest state in terms of the highest installations of EVs. 

“The state’s EV policy has earmarked ₹870 crores for EV subsidies and ₹25 crores for associated charging infrastructure development during the policy period. Gujarat’s case demonstrates the sub-national ambition that is critical in achieving India’s target of 30% EV market share by 2030,” WRI-India said. 

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To date, 26 Indian states and Union territories have notified their state-level EV Policy, while seven other states/UTs have their draft policies in hand. “While there is no shortage of ambition at the sub-national level, effective design and implementation of policies and programs will be imperative to ensure that the country is on track to achieving its EV targets,” WRI said. 

The break-up of the registrations in the last two years revealed that the highest growth was reported in the two-wheeler sector. It was followed by the four wheelers and three wheelers. Electric buses and other types of buses are yet to see a significant increase in the state.

Under the demand-side incentives under the state EV Policy, the state government had targeted covering around 1.10 lakh vehicles with a maximum incentive of Rs 20,000 for each such vehicle. In addition, the state had also earmarked 70,000 three-wheelers and 20,000 two-wheelers for financial incentives. Under the policy, the Gujarat government planned to give 2 lakh electric vehicles in total a demand side incentive of Rs 870 crore. 

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In addition, the state policy also vowed to give a 25 percent capital subsidy on equipment/machinery up to Rs 10 lakh per station for the first 250 commercial, public EV charging stations, a 100 percent exemption from electricity duty during the period, among other lucrative offerings.