During past couple of years, a number of States have
announced their ELECTRIC VEHICLE POLICY
Only a few days back, there was news that Maharashtra
is already working on its EV Policy – V 2.0
I even sent an e-mail, suggesting incorporation of some
suggestions in the DRAFT under preparation
( Source : Congratulations / 19 June 2021 )
Copies of
my mail were ( as always ), also marked for all State Chief Ministers –
including Shri Vijaybhai Rupaniji ( CM – Gujarat )
Today came
the news that Gujarat too has revised its EV Policy – and already announced !
The News
Reports :
With
New Policy, EVs set to become cheaper in Gujarat / Eco Times / 23 June
Gujarat
gives R 870 cr push to EV, charging infra /
Business Line / 23 June
Extract :
Ø The Gujarat Electric Vehicle Policy 2021
provides for subsidy of up to,
# Rs 20,000 on EVs in the two-wheeler category,
# Rs 50,000 for three-wheelers, and up to
# Rs 1.5 lakh for cars
The subsidy amount will
be directly credited ( DBT ) to the bank accounts of the buyers . This will be in
Ø Gujarat's subsidy for EVs stands at Rs 10,000 per
kilowatt, the highest for any State.
Ø Capital incentive of up to Rs 10
lakh or 25 per cent capital subsidy of the project cost, is to be provided for development of charging stations. “ This will take the total charging stations in the stat to more than
500 “ , Saurabh Patel, State Energy Minister said
Ø Welcoming the Gujarat government's
announcements, Shailesh
Chandra, President, Passenger Vehicle Business, Tata Motors, said,
" We compliment the Gujarat government for introducing such a progressive
policy."
Ø Tata Motors has two electric models - Nexon EV priced at approx Rs 15 lakh and Tigor
EV priced at Rs 11.77 lakh - on road in Ahmedabad.
Ø DG, Society of Manufacturers of Electric
Vehicles (SMEV), Sohinder
Gill, said, "We are excited to be part of this journey and would
put in every effort towards achieving the state government’s target under the
policy. The policy also gives a thrust to charging infrastructure that would
address the issue of range anxiety, especially amongst people who want to buy
an electric four-wheeler."
Ø The CEO of Mahindra Electric Mobility Ltd,
Mahesh Babu, said
the policy announcement was progressive and comprehensive as the fiscal
benefits would directly benefit the end-customer. while the non-fiscal benefits
would help develop the overall EV ecosystem in the State. "The outlay of
Rs 870 crore over the next four years will help EVs flourish in Gujarat. The
policy outlines clear adoption strategies, especially in the last mile mobility segment. Mahindra is eager to deploy products
like the Treo three-wheeler
range, which will help
customers earn more given its lower operating cost and will help Gujarat become
one of the leading States in EV adoption in the country."
Ø Tarun
Mehta, co-founder and CEO of
two-wheeler maker, Ether Energy, in a twitter post said, "Gujarat might
just go from having the most expensive
EVs in the country to the cheapest in one
policy change today."
Ø The
subsidy works out to about,
# Rs 29,000
for the Ather 450
# Rs 20,000
for the Hero Electric
Optima
# Rs 300,000
for the Tata Nexon EV SUV
===================================================
I assume that the figures of subsidy mentioned above ,
are those offered by Gujarat’s New Policy and , are in addition to the Central
Govt subsidies under FAME II
If my assumption is correct , then following picture
emerges
HOW MUCH HAVE EV PRICES COME
DOWN AFTER CENTRAL + STATE SUBSIDIES ?
|
Type / Model of EV |
Battery Kwh |
Normal Sale price |
Subsidy under FAME II |
Add Subsidy by Guj Policy |
Total Subsidy |
Price after total Subsidy |
|
|
|
|
|
|
|
|
|
2
Wheeler |
|
|
Rs 15,000
per Kwh |
|
|
|
|
Ø Ather 450 |
|
1.44
L |
|
29,000 |
|
|
|
Ø Hero Optima |
|
0.67
L |
|
20,000 |
|
|
|
|
|
|
|
|
|
|
|
3
Wheeler |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 Wheeler
Car |
|
|
|
|
|
|
|
Ø Nexon EV SUV |
30.2
|
15.0
L |
3.0 L ( ? ) |
3.0
L |
6.0
L ( ? ) |
|
|
Ø Tigor EV |
|
11.8
L |
2.15
L |
? |
|
|
I urge Shri Rupaniji, to get someone to find / fill up
the missing figures ( and for all makes / models of EV under manufacture in
India ) – then publish such a COMPARATIVE STATEMENT , for promoting Gujarat EV
Policy V 2.0
If he does, there is every possibility that all State
CMs will compile / publish , similar tabulations
Then again, how about NITI Aayog or Shri Nitin Gadkariji
or SMEV ( Society for Manufacture of Electric Vehicle , get this done to
promote EV in India ?
I am sure every EV dealer must have compiled such a
tabulation for convincing the buyers . May be EV manufacturers have prepared /
supplied such tabulations to their dealers
With regards,
Hemen Parekh
/ hcp@RecruitGuru.com / 23 June 2021
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