Goa Electric Mobility Promotion Policy-2021

Status – Notified on 4th December, 2021. To be valid for 5 years, from the date of its notification in The post Goa Electric Mobility Promotion Policy-2021 appeared first on EVreporter.

Goa Electric Mobility Promotion Policy-2021

Status – Notified on 4th December, 2021. To be valid for 5 years, from the date of its notification in the official Gazette.

The policy proposes 30% of annual vehicles registered in Goa, starting from the year 2025, would be electric and to convert 50% of all ferries to electric by 2025.

Policy Targets

  • All two wheelers involved in commercial activity operating in Goa shall switch to complete electric by 31st December, 2025. For beyond 31st December 2030, all the two wheelers sold in the state of Goa to be 100% electric. 
  • To ensure that pure electric buses constitute at least 50% of all new stage- carriage buses (i.e., for all public transport vehicles with 15 seats or more) procured for the city fleet including for last mile connectivity, with target induction of 500 pure electric buses by 2025.
  • Policy also targets to upgrade all diesel marine vehicles to a mix of solar & electric. 

Incentives for manufacturing of EV and EV Components

Incentives to units engaged in manufacturing of electric vehicles, batteries, EV components, shall be applicable as outlined below. Units that qualify for incentives under this policy shall not avail any other incentives from Government of Goa. 

  • Capital subsidy of up to 20% of Fixed Capital Investment (FCI) upto Rs. 5 Crores whichever is lower; 100% net SGST reimbursement on setting up of manufacturing plant; 50% stamp duty exemption on purchase of land for Pioneer, Mega and Large units.

  • A capital subsidy of 30% of FCI provided the subsidy on building/office is restricted to Rs 5 lakh whichever is lower; 100% net SGST reimbursement for setting up the plant; 100% stamp duty exemption for Micro units.

  • A capital subsidy of 50% of the cost of capital expenditure provided the subsidy is restricted to Rs. 15 lakhs whichever is lower; 100% net SGST reimbursement for setting up of plant/station; 100% stamp duty exemption; Price preference of 20% on the purchase made by the State Government for Start-Ups.

  • A capital subsidy of 30% of the cost of capital provided the subsidy on building/office is restricted to Rs 10 lakhs whichever is lower; 100% net SGST reimbursement for setting up of plant; 50% stamp duty exemption; Price preference at the rate of 15% on the purchase made by the Government Departments is available to the registered Small- Scale Units

  • 30% electricity duty reimbursement for 5 years; Support in construction of Effluent Treatment Plant (ETP) with 50% capital subsidy upto Rs.10 lakhs whichever is lower for Utilities.

Demand Incentives

Waiver of road tax up to 5 years for all classes of EV’s registered in Goa.

Scrapping Incentive for old ICE 2W up to ₹5,000/- and for 3W & 4W up to ₹10,000/- subject to RTO confirmation of scrapping and de-registration of the ICE vehicle. 

EV Concessional Charging Infrastructure Policy was also launched, declaring support for the installation and operation of EV charging infrastructure in the state.

Link to Policy Document

Goa EV Policy 2021

Subscribe & Stay Informed

Subscribe today for free and stay on top of latest developments in EV domain.

And don't worry, we hate spam too!

The post Goa Electric Mobility Promotion Policy-2021 appeared first on EVreporter.

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0