Uttar Pradesh government exempts Electric Vehicles buyers in state from tax, registration fees

Tags: State News

Uttar Pradesh Chief Minister Yogi Adityanath has decided to waive off road tax and registration fee on the purchase of Electric Vehicles (EVs) for three years from October 14, 2022, to promote electric vehicles.

An overview of the news

• According to the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022, 100 percent tax exemption will be given on electric vehicles (EVs) sold and registered in Uttar Pradesh from October 14, 2022 to October 13, 2025.

• The government will provide benefits to electric vehicle buyers if the purchased electric vehicles are manufactured in the state itself.

• On behalf of the government, orders have been given to the RTOs of all the districts to ensure compliance of the instructions with immediate effect.

• These electric vehicles would all be automobiles that are powered by batteries, ultracapacitors, or fuel cells.

• These include all two-wheelers, three-wheelers and four-wheelers, Strong Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV) and Fuel Cell Electric Vehicle (FCEV).

• As per the policy, a subsidy of 15 percent will also be given on the factory price of electric vehicles to be purchased in the state.

What are Electric Vehicles?

• Electric Vehicles are vehicles that are partially or fully powered on electric power.

• They have low running costs and are also very environmentally friendly as they use little or no fossil fuels (petrol or diesel).

• These vehicles can solve the problems of increasing pollution, global warming, depleting natural resources etc.