For the next five years, Goa will provide subsidies for 11,000 electric vehicles

Goa, which recently issued a draught programme to encourage the use of electric cars in the state, would provide subsidies for 11,000 EVs over the next five years. By 2025, the coastal state wants electric vehicles to account for 30% of all vehicle registrations. The state government intends to fund 10,000 electric two-wheelers, 500 electric three-wheelers, and about 500 electric four-wheelers in this manner. The subsidy amount for two-wheelers would not exceed ten crore per year; for three-wheelers, it will be one crore; and for four-wheelers, it will be fourteen crore. The total yearly subsidy for electric vehicles will be less than Rs. 25 crore.

Goa has issued a draught programme to encourage electric vehicles in the state, which will provide incentives for 11,000 EVs over the next five years. By 2025, the coastal state wants electric vehicles to account for 30 percent of all vehicle registrations. The state government intends to subsidise 10,000 electric two-wheelers, 500 electric three-wheelers, and about 500 electric four-wheelers in this manner. The subsidy amount for two-wheelers will not exceed ten crore rupees per year, one crore rupees for three-wheelers, and fourteen crore rupees for four-wheelers. The yearly subsidy for electric automobiles would not exceed Rs. 25 crore in total.

The proposed proposal also states that if the battery is not sold with the car, the vehicle owner would get 50% of the Purchase Incentive. The remaining funds, up to 50%, would be distributed to Energy Operators to help alleviate the cost of any deposits that end-users may be asked to make in order to utilise a swappable battery.

Under the National Electric Mobility Plan (NEMPP), the federal government aimed to have six to seven million electric and hybrid cars on Indian roads by 2020. The Department of Heavy Industries, Government of India, created the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) initiative to achieve this aim. The FAME plan was launched with the goal of saving 120 million barrels of oil, reducing 4 million tonnes of CO2, and reducing vehicle emissions by 1.3 percent by 2020.

The objective was not met, however, because electric vehicles in India are usually more expensive than internal combustion vehicles, costing almost 50% more. This new endeavour, according to the official, is likewise targeted at meeting the objectives. The Goa government intends to convert 50% of all ferries to electric by 2025, generate 10,000 direct and indirect employment in the industry by 2025, and introduce 500 pure electric buses by 2025, among other goals.

Furthermore, by December 31, 2025, all two-wheelers engaged in commercial activity in Goa must be completely electric. All two-wheelers sold in the state of Goa after December 31, 2030, must be 100% electric. Existing registered ICE cars, on the other hand, will be permitted to continue to run until they reach the end of their useful lives.

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