Rajasthan EV policy goes into effect; INR 40 crore funded for buyer reimbursement

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Rajasthan has become the latest state to implement a dedicated electric vehicle (EV) policy to encourage the use of such vehicles. The policy for electric vehicles in the western state went into effect on Thursday (September 1).

A transport department official told PTI that a notification in this regard was issued on August 31. The EV policy was announced by Rajasthan Chief Minister Ashok Gehlot during the 2019-20 budget, and the draught policy was approved in May of this year. The Rajasthan Electric Vehicle Policy (REVP) has authorised a fund of INR 40 Cr for contributions to the purchase of EVs. The policy is valid for five years. The state government had previously approved a one-time contribution for EV purchase as well as an additional budget provision of INR 40 Cr for State Goods and Services Tax reimbursement (SGST).

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Rajasthan EV policy goes into effect; INR 40 crore funded for buyer reimbursement

Rajasthan has become the latest state to implement a dedicated electric vehicle (EV) policy to encourage the use of such vehicles. The policy for electric vehicles in the western state went into effect on Thursday (September 1).

A transport department official told PTI that a notification in this regard was issued on August 31. The EV policy was announced by Rajasthan Chief Minister Ashok Gehlot during the 2019-20 budget, and the draught policy was approved in May of this year. The Rajasthan Electric Vehicle Policy (REVP) has authorised a fund of INR 40 Cr for contributions to the purchase of EVs. The policy is valid for five years. The state government had previously approved a one-time contribution for EV purchase as well as an additional budget provision of INR 40 Cr for State Goods and Services Tax reimbursement (SGST).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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