Haryana Electric Vehicle (EV) Policy Approved, Reveals Subsidy rates for Hybrids and EVs in the state – EQ Mag Pro
The Haryana Government has revealed its subsidy rates for hybrid and electric vehicles to be sold in the state. The state’s newly approved EV policy will see cars like the Tata Nexon Prime, Nexon EV Max and MG ZS EV see price reductions of up to ₹6 lakhs. Subsidy rates will also apply to EVs priced below ₹1 lakh and commercial EVs like e-rickshaws and light EVs.
The Haryana Government’s EV policy has been approved and so are the subsidy rates for electric vehicles (4W, 2W, 3W) and hybrid vehicles, set for sale in the state.
Toyota recently revealed their first strong hybrid model for the compact mid-size SUV segment, the Urban Cruiser Hyryder. Its launch date is yet to be revealed. But when it does go on sale in Haryana, the car will attract subsidy rates up to ₹3 lakh. This subsidy rate is applicable to cars priced below ₹40 lakh. The state government will also exempt a 15% subsidy rate for electric vehicles that costs between ₹15 lakh to ₹40 lakh. This includes cars like the Tata Nexon Prime, Tata Nexon EV Max and the MG ZS EV, at the moment.
Incentives are also applicable for commercial vehicles like e-rickshaws and light electric vehicles. The former includes subsidies of ₹25,000 and the latter will get ₹50,000 subsidy rates.
As mentioned above, subsidy rates are also applicable to imported models but they’re more like introductory offers. Imported models that retail between ₹40 lakh and ₹70 lakh will include subsidies up to ₹10 lakh at 15%, but it is limited to first-time buyers only. So say, for example, if you’re buying the new Mini Cooper SE Electric hatchback for the second time, with an EQC already standing in your garage, it won’t be applicable to you.
Subsidy rates are also applicable to electric vehicles priced below ₹10 lakhs and above. For EVs priced below, it is up to ₹75,000 and for the ones priced above, it’s ₹1 lakh. However, the offers are available for the first six months of the policy announcement only.
The state government is also lifting its motor tax and registration for electric two-wheelers and three-wheelers as part of the policy. Aiding for a smoother purchasing process without much delay.
Source: PTI
