Gujarat EV Policy: Manufacturers Welcome Announcement

Vijay Rupani, Chief Minister, Gujarat, recently announced the Gujarat EV Policy 2021 which will be implemented over the next four years, with the state providing a subsidy support of Rs. 870 crore during the same time. Under the new EV policy, Gujarat will offer a subsidy of up to Rs. 1.5 lakh on purchase of an electric car or Rs. 10,000 per kWh. Electric two-wheelers and electric three-wheelers will have subsidies of Rs. 20,000 and Rs. 50,000 each. The policy also says that all electric vehicles will be exempt from registration fees as well.

Also Read: Gujarat EV Policy Announced

(Naveen Munjal, Managing Director, Hero Electric, feels that the Gujarat EV Policy is an excellent move)

Naveen Munjal, MD, Hero Electric said, "The revised EV policy by the state of Gujarat post the recent amendments of the central FAME policy is an excellent move which will further bridge the gap and make the switch to electric vehicles an attractive option. With this policy, the prices of Hero's EVs will further come down making them the most affordable in the state of Gujarat when compared to pricing across the country. Further, the allocation of funds and capital to setup additional charging stations will help build the much-needed charging infrastructure and address range anxiety of the consumer.

Gujarat plans to have at least two lakh electric vehicles on the roads in the next four years. Gujarat will give double the subsidy of any other state on per kilowatt. The government of Gujarat has also green-lit the setting up of 250 new EV chargers across the state, with 278 units already deployed. The total tally of EV charging points will reach 528 in the next four years. The government will also make it easier for petrol pumps to house EV charging stations. The plan also includes setting up EV charging stations at various commercial and housing infrastructures. The state government will provide 25 per cent capital subsidy for setting up charging stations with a maximum limit of Rs. 10 lakh.

Also Read: FAME II Amendment: Electric Two-Wheeler Demand To Receive A Boost

(Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors lauded the strong resolve of the Gujarat government towards EVs)

Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors, said, "We welcome the move by the Gujarat Government, offering incentive support for all categories of electric vehicles. This clearly signals a strong resolve of the government towards cleaner environment and a sustainable future for the country. Also the support extended towards charging infrastructure will accelerate the ecosystem development and bring a greater comfort for EV buyers. We compliment the Gujarat Government for introducing such a progressive policy."

Also Read: EV Manufacturers Welcome FAME II Subsidy Revision

(Rahul Sharma, Founder, Revolt Motors, says that the subsidies being offered by the state are a major incentive for EV manufacturers)

Rahul Sharma, Founder, Revolt Motors, said, "The Gujarat Government's 'Gujarat Electric Vehicle Policy 2021' is yet another leap towards building up EV ecosystem in the country. The additional subsidy being offered by the state is a major incentive for local manufacturers and will also encourage us to further expand into newer markets. We have already received an overwhelming response from our consumers as we had re-opened bookings for our electric motorcycles last week and the introduction of such policies by various states will further boost the adoption of EVs in the country".

(Uday Narang, Chairman, Omega Seiki Mobility, believes that the Gujarat EV Policy will help in faster adoption of EVs in the state)

Uday Narang, Chairman, Omega Seiki Mobility, said, "The revised EV policy by the Gujarat Govt. is a phenomenal move. This will help in faster adoption of EV's in the state. The expenditure of Rs 870 crore over the next 4 years will help EVs embellishment in the state of Gujarat. We at Omega Seiki Mobility support this initiative and feel it's a major step in building up the EV's Ecosystem. The announcements lately by the centre on FAME II policy followed by the state Govt. giving subsidy will provide much needed boost to the EV's and will notably make India a significant player in the EV Industry."

(Jeetender Sharma, Managing Director, Okinawa Autotech, believes that the Gujarat EV Policy will help EV's to gain traction in the country)

Jeetender Sharma, MD & Founder of Okinawa Autotech, said, "We are encouraged to see that more Indian states are stepping up their efforts to accelerate the adoption of electric vehicles across the country by developing new programs and designing effective policies. The announcement of the Gujarat Electric Vehicle Policy 2021 brings up new opportunities for OEMs to work more diligently toward the collective goal of making India a global EV manufacturing powerhouse.With the state's goal of having 2 lakh electric vehicles on the road in the next four years, we, at Okinawa, are certain to expand our presence and foothold in the region with this further impetus. We share the government's goal of reaching every region of the country with a diverse product range so that people have choices especially after the subsidy hike introduced in the FAME II policy last week".

(Akash Gupta, Co-founder and CEO, Zypp Electric, feels that the Gujarat EV Policy will help the development of infrastructure in the state)

Akash Gupta, Co-Founder and CEO of Zypp Electric, said, "We at Zypp Electric want to thank and welcome the move by the Gujarat Government to come up with this bold EV Policy, offering incentive support for all categories of electric vehicles, especially a subsidy of up to Rs 20,000 on electric two-wheelers, up to Rs 50,000 on electric three-wheelers. This move by any state government clearly shows a strong resolve of the government towards a cleaner environment and a sustainable future for the country. This policy will not only encourage people to buy e-vehicles, but also invest in the required development of infrastructure for electric vehicles, like battery charging stations. This EV Policy has a potential to make Gujarat an EV hub and would mobilize a rapid adoption of electric vehicles in the state. This policy will also give employment opportunities in all areas, including sales, lending, charging, driving and training. This policy will also boost especially the new start-ups and investments in this field. If the target of 2 lakh electric cars on Gujarat roads is met with resounding success, fuel worth Rs 5 crore will be saved and CO2 emissions will be reduced by a minimum of 6 lakh tonnes. So that a more environment-friendly and sustainable future can be built for our next generations."