The Rajasthan government had enforced a brand new electrical vehicle policy by providing financial incentives to EV buyers within the state on Thursday. Under the new Rajasthan Electric Vehicle Policy (REVP), the government has approved Rs. 40 crore as total contribution on the acquisition of electric vehicles. The policy which had aimed towards encouraging the adoption of electric vehicles within the country were effective for five years which began from September 1. The Chief Minister Ashok Gehlot had declared the EV policy in the budget for 2019-20.

HIGHLIGHTS
The government approved Rs. 40 crore for the purchase of electric vehicles
Chief Minister Ashok Gehlot had declared the EV policy in the budget for 2019-20
The transport department has received Rs. 40 crore to clear all unfinished dues

As per a report, the state government had issued the notification for the implementation of the Rajasthan Electric Vehicle Policy (REVP). The EV policy was effective for five years which had already been started. The state government had sanctioned a fund of Rs. 40 crore for contribution on the acquisition of EVs.

Earlier, the Chief Minister Ashok Gehlot had declared the policy in budget 2019-20. Later, the draft of the policy was approved on May 24 this year. The government has also approved a one-time contribution to the acquisition of electric vehicles along with an extra budget provision of Rs. 40 crore for the State Goods and Services Tax (SGST).

To encourage the acquisition of EVs, the authorities would reimburse SGST amount of Rs. 5,000 to Rs. 10,000 for two-wheelers. If an individual go for the purchase of three-wheelers, Rs. 10,000 to Rs. 20,000 would be reimbursed based on the battery capability of the vehicle.

At the same time, the transport department has received Rs. 40 crore to clear all unfinished dues associated with electric vehicle purchases.

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