ELECTRIC VEHICLES

SCHEME FOR PROMOTION OF ELECTRIC VEHICLES IN THE STATE OF GOA

This scheme may be called as Grant of subsidy for purchase of “Electric Vehicles” to consumers in State of Goa. The scheme shall be implemented through the Department of New and Renewable Energy and Goa Energy Development Agency (GEDA).

The State Government notified the Scheme for Promotion of Electric Vehicles in the State of Goa. The scheme was introduced to provide Financial Assistance for the purchase of 2, 3 and 4 wheelers EV for a period of 5 years at the rate of Rs. 10,000/KWH capacity of the battery for the purchase in the first year ie. 2021 and reducing by Rs. 2000/KWh of battery for purchase in the subsequent years till 2026.

GOA ELECTRIC MOBILITY PROMOTION POLICY-2021(Gazette link)

Introduction to the scheme

Goa has a vehicle density of 625 vehicles for every 100 people and is ranked 15th in the World in terms of vehicle density. Adoption of use of Electric Vehicles (EV’s) for daily commute is required to achieve various goals, including improvement in Air Quality, reduction in noise levels and reduction in generation of green house gas emissions.

The Government of India under the National Electric Mobility Plan (NEMPP), had envisioned 6-7 million Electric and Hybrid Vehicles on Indian roads by 2020. Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme was launched by the Department of Heavy Industries, Government of India in order to save 120 million barrels of oil and 4 million tons of CO2 as well as lowering of vehicular emissions by 1.3 % in 2020. Prices of Electric Vehicles are about 50 % higher than the conventional Internal Combustion Vehicles and hence the targets set have not been achieved

Government of Goa intends to launch the scheme for promoting of Electric Vehicles in the State of Goa in order to achieve the targets set and also for improvement of air quality and reduction of green house gas emissions. For this purpose the Department of New and Renewable Energy has entered into an Memorandum of Understanding with the Convergence Energy Services Ltd. (CESL) which is wholly owned subsidiary of Energy Efficiency Services Ltd. under the administration of Ministry of Power, Government of India.

CESL will club the incentives provided under the FAME II scheme of Central Government as applicable along with the subsidy proposed to be provided by the State Government and contribution of Original Equipment Manufacturer (OEM) to reduce the upfront cost of the vehicle to the consumer. CESL will also provide low cost loans to the consumer for purchase of Electric Vehicle

The Consumer can opt to purchase Electric Vehicle directly from dealer and avail benefits from Government of Goa however for such purchase the financial assistance from CESL will not be available.

OJECTIVES

(a) To promote the adoption of Electric two wheelers, three wheelers, four wheelers and buses in the State of Goa.

(b) To promote conversion of ICE Vehicles to EV.

(c) To provide financial assistance in form of subsidy for conversion or purchase of electrical two wheelers, three wheelers and four wheelers in the State of Goa by providing subsidy

(d) To provide scrapping incentives for Two Wheeler, Three Wheeler and Four Wheeler towards the purchase of EV Vehicles.

(e) To improve the air quality by reduction in green house gas emissions, reduction in noise levels and also use of fossil fuels.

(f) To promote local manufacturing of Electric Vehicles in Goa.

(g) To promote employment opportunities to skilled persons in Goa in field of Electric Vehicle servicing.

ELIGIBLITY

Permanent residents of Goa having Aadhar Card and Driving License issued in Goa are entitled for the benefits under this scheme.

SCOPE

The main scope of this scheme is to provide incentive in the form of subsidy to the prospective users for purchase or conversion of Electric Two Wheelers, Three Wheelers and Four Wheelers in the State of Goa.

QUANTUM OF FINANCIAL SUBSIDY

The total amount of financial subsidy will be decided by Department of New & Renewable Energy and disbursement will be done on First Come First Serve (FCFS) basis.

Goa Energy Development Agency

A Government of Goa Agency