Magazine

Last edition
October 2024

Home › Policies & Regulations ›Bihar Cabinet Sparks EV Revolution with Incentive-Packed 2023 Policy

Bihar Cabinet Sparks EV Revolution with Incentive-Packed 2023 Policy

With a vision to achieve a 15 percent share of electric vehicles in the total vehicles sold and registered in Bihar by 2028, the policy encompasses various financial incentives.

December 06, 2023. By Abha Rustagi

The Bihar cabinet has given its approval to the state's Electric Vehicle (EV) Policy 2023, marking a significant stride towards sustainable transportation. The policy, among 23 proposals cleared by the cabinet, aims to boost the adoption of electric vehicles and establish a robust charging infrastructure throughout the state.

With a vision to achieve a 15 percent share of electric vehicles in the total vehicles sold and registered in Bihar by 2028, the policy encompasses various financial incentives. Buyers of the initial 10,000 two-wheelers are entitled to a capital subsidy of up to INR 10,000, with additional benefits for Scheduled Castes and Scheduled Tribes.

Electric bike and scooter owners within the first 10,000 vehicles sold will enjoy a 75 percent rebate on motor vehicle tax throughout the policy duration.

For four-wheelers, the first 1,000 buyers qualify for capital incentives up to INR 1.50 lakh, with reduced incentives for buyers outside the SC/ST communities. Charging infrastructure is a key focus, with incentives provided for the development of charging facilities.

Entrepreneurs setting up charging stations can claim capital incentives for various types of equipment, encouraging the establishment of both slow or medium-speed and fast charging stations.

Implementation and monitoring of the policy will be overseen by a state-level committee headed by the chief secretary, with each district having its policy implementation committee presided over by the district magistrate.

In an additional effort to address air quality concerns, the state government has approved the operation of 400 additional electric buses in six cities under the 'PM e-Bus Seva' scheme.

Furthermore, vehicles aged over 15 years in various government departments will be phased out through registered vehicle scrapping facilities. The policy will be effective for five years from its notification date.

Tags:

Policies & Regulations

EV Charging Infrastructure

PM e-Bus Seva scheme