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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.
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.
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.