Goa Govt Releases Draft EV Promotion Policy; 30 Per Cent Sops Mooted To Buy Electric-Bikes

In a push for electric two-wheeler sales in Goa, the State Government has come out with the draft Electric Vehicle Promotion Policy which has proposed massive subsidies for promoting eco-friendly electric two-wheelers, reports Economic Times.

The policy proposes to bring down the prices of electric two-wheelers by 30 per cent compared to the prices of the traditional two-wheelers. This gains significance as two-wheelers constitutes more than half of the total vehicles bought in the State each year. The State is home to over eight lakh two-wheelers.

The new policy is expected to be finalised in the next two months, and upon approval and notification by the State Government, it will be applicable for four years to come, which may be revised or extended.

The policy would also cover other classes of electric vehicles like three-wheelers, passenger cars, and commercial vehicles which operate in Goa with registration with the State's RTO. Also, the policy emphasises battery swapping and fast charging.

The objective of the policy is to encourage startups and investments in the field of electric mobility and associated sectors such as mobility as a service (MaaS), autonomous vehicles, data analytics, and information technology.