Uttar Pradesh Registers 144% Jump In Electric Vehicle Registrations In One Year

Sodion Energy , AR4 Tie Up To Launch Sodium-Ion Batteries For India 

The World Resource Institute (WRI)-India claimed that the registration of Electric Vehicles (EVs) in Uttar Pradesh UP) in the last year had witnessed a jump of 144 percent. The data shared by the clean energy think tank claimed that the three-wheelers segment of EVs in the state is spearheading the EV market share in the eastern Indian state. 

The data derived from the Ministry of Road Transport claimed that in 2021, the share of three-wheeler EVs in UP stood at 60,119, which increased to 1,38,671 in 2022. At the same time, the share of two-wheeler EVs in 2021 stood at 6,289, while in 2022, it increased and touched up to 23,577. 

At the same time, the growth of four-wheelers, electric buses, and Light Commercial Vehicles didn’t see much growth. According to WRI-India, the UP’s total EV registration accounts for 16.2 percent of the total EV sales across the country.     

How EVs Are Changing The Auto Sector

Also Read

The 2022 EV Policy

The state government developed its Electric Vehicle Policy 2022, which aimed at faster EV adoption. “The policy aims to promote faster adoption of EVs, create a robust network of charging infrastructure and make Uttar Pradesh a global hub of manufacturing of EVs and batteries,” WRI-India said in its statement.   

 As per the mandate of the policy, the UP government wants to ensure 100% electrification of public transport in 17 cities, including Lucknow, as well as 100% transition of government vehicles to EVs by 2030. 

PFC Approves Rs 633 Cr Loan for Deployment of 5000 EV Cabs, 1000 EV Cargo Vehicles

Also Read

“The state government also aims to attract investments of INR 30,000 crore, generate 10 lakh jobs in the sector, and make Uttar Pradesh one of the biggest EV investment hubs in the country. However, as sub-national ambitions for electrification of transport gather pace, robust implementation of tailor-made policies and programs will be critical to ensure that India is on track to meeting its EV targets,” the think tank said. 

The EV Policy of UP offers a road tax exemption for EVs for the first three years registered in UP while it also allows such exemptions for five years for the EV purchased, registered, and manufactured in UP. In addition, it also offers a capital subsidy of 20 percent up to Rs 10 lakh per unit to develop 2,000 charging stations and Rs 5 lakhs to develop 1,000 swapping stations.