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

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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?