Goa to offer subsidies on 11,000 EVs for next 5 years
POWER & RENEWABLE ENERGY

Goa to offer subsidies on 11,000 EVs for next 5 years

Goa will offer subsidies on 11,000 EVs for the next five years as it recently released a draft scheme to promote electric vehicles in the state. The coastal state has an objective that 30% of its total vehicle registrations to be electric vehicles by 2025.

The state government plans to subsidise 10,000 electric two-wheelers, 500 electric four-wheelers and 500 electric three-wheelers. The subsidy amount will not go beyond Rs 10 crore per year. It has been capped at Rs 1 crore for three-wheelers, and for four-wheelers, the limit is Rs 14 crore. As a whole, the annual subsidy on electric vehicles will not go beyond Rs 25 crore.

A senior official of the state government told the media that the subsidy would be given on a first-come, first-serve basis. The incentive has been capped at Rs 30,000 per vehicle for electric two-wheelers and electric three-wheelers, while the maximum incentive to be offered on an electric four-wheeler will be up to Rs 1.5 lakh per vehicle.

The subsidy will be dispensed in a single instalment which is 100% on the purchase of the vehicle. The owner will have to present the documents of purchase, including the insurance and the RC book.

The scheme of the draft says that if the battery is not sold with the vehicle, the vehicle owner shall be provided with 50% of the Purchase Incentive. The Energy Operators would be supplied with the remaining amount of up to 50% for defraying the cost of any deposit required from the end-users for the use of a swappable battery.

Under the National Electric Mobility Plan (NEMPP), the central government previously had a target to have six to seven million electric and hybrid vehicles on Indian roads by 2020, and it was towards the objective that the Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) scheme was launched by the Department of Heavy Industries, Government of India.

The primary reasons behind the launch of the FAME scheme were for saving 120 million barrels of oil, reducing 4 million tons of CO2 and lowering vehicular emissions by 1.3% by 2020.

Image Source


Also read: Tata Motors to roll out 10 battery electric vehicles by 2025

Also read: E-mobility: Ashok Leyland to bring EVs to India via subsidiaries

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Goa will offer subsidies on 11,000 EVs for the next five years as it recently released a draft scheme to promote electric vehicles in the state. The coastal state has an objective that 30% of its total vehicle registrations to be electric vehicles by 2025. The state government plans to subsidise 10,000 electric two-wheelers, 500 electric four-wheelers and 500 electric three-wheelers. The subsidy amount will not go beyond Rs 10 crore per year. It has been capped at Rs 1 crore for three-wheelers, and for four-wheelers, the limit is Rs 14 crore. As a whole, the annual subsidy on electric vehicles will not go beyond Rs 25 crore. A senior official of the state government told the media that the subsidy would be given on a first-come, first-serve basis. The incentive has been capped at Rs 30,000 per vehicle for electric two-wheelers and electric three-wheelers, while the maximum incentive to be offered on an electric four-wheeler will be up to Rs 1.5 lakh per vehicle. The subsidy will be dispensed in a single instalment which is 100% on the purchase of the vehicle. The owner will have to present the documents of purchase, including the insurance and the RC book. The scheme of the draft says that if the battery is not sold with the vehicle, the vehicle owner shall be provided with 50% of the Purchase Incentive. The Energy Operators would be supplied with the remaining amount of up to 50% for defraying the cost of any deposit required from the end-users for the use of a swappable battery. Under the National Electric Mobility Plan (NEMPP), the central government previously had a target to have six to seven million electric and hybrid vehicles on Indian roads by 2020, and it was towards the objective that the Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) scheme was launched by the Department of Heavy Industries, Government of India. The primary reasons behind the launch of the FAME scheme were for saving 120 million barrels of oil, reducing 4 million tons of CO2 and lowering vehicular emissions by 1.3% by 2020. Image Source Also read: Tata Motors to roll out 10 battery electric vehicles by 2025 Also read: E-mobility: Ashok Leyland to bring EVs to India via subsidiaries

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?