Buyers can apply online for EV subsidies for vehicles bought after October 14, 2022
Eligible applicants will get benefits under Uttar Pradesh Electric Vehicle Policy 2022
Dainik india news Lucknow, July 19:
In its ongoing efforts to promote Electric Vehicles in the state of Uttar Pradesh, the Yogi government on Wednesday launched the subsidy portal, upevsubsidy.in. Customers who bought electric vehicles after October 14 will be eligible for claiming EV subsidy by applying for it through the portal. Once the application is submitted, the subsidy amount will be transferred to the customer’s bank account after successful completion of a four-level verification process.
This initiative is part of the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022, which includes a purchase subsidy incentive scheme. The development and maintenance of the portal have been entrusted to UPDESCO (Uttar Pradesh Development Systems Corporation Ltd).
There will be a four-level verification process
Under Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022, permission has been granted for the implementation of the Purchase Subsidy Promotion Scheme on certain conditions. This scheme is effective from 14th October 2022 and will continue to be so till 13th October 2023. To avail the purchase subsidy incentive, eligible applicants are required to apply through the web portal upevsubsidy.in. Eligible applicants will be those who have purchased and registered electric vehicles in Uttar Pradesh after the policy’s notification date.
According to Additional Commissioner (Transport) Rajiv Srivastava, after submitting the application on the portal, a four-level verification process will take place, beginning with verification at the dealer level, followed by registration and departmental verification. The final verification will be carried out by TI (Transport Inspector). As per the information provided on the portal, the banking partner will transfer the subsidy amount to the customer’s bank account within 3 working days after the verification process is completed.
Subsidy on EV will be payable
Subsidy on EVs will be payable to individual beneficiaries (buyers) on purchase of any single vehicle across vehicle segments. However, purchase subsidy will also be payable to aggregators or fleet operators (buyers), so that a unit can avail subsidy for a maximum of 10 vehicles across vehicle segments. For buyers purchasing EVs without batteries, the subsidy amount will be 50 percent of the total subsidy. As of now, there is no set time limit for providing the subsidy.
This is how one can apply for subsidy
To apply for the subsidy on electric vehicles (EVs), the applicant must be a buyer who purchased and registered an eligible EV in their name after October 14, 2022.
The application process starts with the applicant generating a login ID and password on Electric Vehicle Purchase Subsidy Portal (upevsubsidy.in)
After entering the vehicle registration number in the application, the subsidy portal will automatically fill relevant details from the vehicle portal to the application form. The applicant must fill in any remaining fields, including their bank details (Bank name, account number, IFSC code, etc.) to receive the purchase subsidy.
The applicant must upload their photograph and signature on the portal, which should be the same as those uploaded during vehicle registration through the dealer.
Applicants will also have to upload his/her canceled check or passbook for bank account verification, and it is mandatory that the bank account is in the name of the applicant, not any other person.
Before submitting the application, the applicant must ensure that all the provided details, both personal and vehicle-related, are accurate. Any incorrect information may result in the applicant not receiving the subsidy.
After applying, applicants can check the status of their application by visiting the application status section and entering the last 5 digits of the vehicle number and chassis number.
Subsidy will be given according to the vehicle class
Subsidy will be provided as an early bird incentive to buyers at fixed rates in defined segments during a period of one year from the date of notification for this subsidy scheme.
For two-wheeler electric vehicles, the subsidy will be Rs 5,000 per vehicle for the first two lakh purchases, not exceeding 15 percent of the ex-factory cost.
For four-wheeler electric vehicles, the subsidy will be Rs 1 lakh per vehicle for 25,000 earlier purchases, not exceeding 15 percent of the ex-factory cost
The initial 400 non-government e-buses will receive a subsidy of Rs 20 lakh per vehicle, up to 15 percent of the ex-factory cost.
For the first 1000 e-goods carriers, a subsidy of one lakh rupees per vehicle will be available, allowing up to 10 percent of the factory cost.
