File: The number of buyers of electric vehicles is on the rise after the petrol and diesel price hike. Electric vehicles with a motor capacity of more than 250 watts or a speed of more than 25 km / h should be registered with the Regional Transport Office (RTO). There is no need to register electric vehicles under this capacity.
Accordingly, 2,242 electric two-wheelers and 554 electric cars were registered at the 6 Regional Transport Offices in Coimbatore South, North, Central, West, Mettupalayam and Pollachi during the financial year 2020-21.
In the 2021-22 financial year, 5,044 two-wheelers and 1,556 cars were registered. The number of electric two-wheelers registered has more than doubled and the number of cars has tripled in one year. This is due to the concessions offered by the central and state governments, in addition to fuel prices.
Promoting federal government
In 2019, the Central Government announced the ‘FME-2’ project aimed at accelerating the use of electric vehicles in India and increasing production.
Under this scheme, buyers of electric two-wheelers are given a subsidy of Rs. 15,000 per kilowatt (battery capacity). Accordingly, up to a maximum of 40 per cent of the price of an electric vehicle can be incentive.
The public can find out which company and which model vehicle gets this incentive at https://fame2.heavyindustries.gov.in/ModelUnderFame.aspx Customers can get the vehicle at a discounted price after deducting the wholesale price incentive when purchasing the model electric vehicle specified by the government.
Offer on vehicle registration
Federal and state governments have announced tariff concessions for the registration of electric vehicles. According to transport officials, electric vehicles currently account for an average of 5 to 10 percent of the total vehicle registrations. When registering a car running on petrol or diesel at the Regional Transport Office, if the value of the vehicle is less than Rs. 10 lakhs, 10 per cent of its value and if the value of the vehicle is more than Rs. If it is a two wheeler, 8 per cent of its value has to be paid as road tax. In addition, road safety fees, vehicle registration fees, and service fees must be paid.
However, the federal and state governments have exempted electric vehicles from all of these. All you have to do is pay Rs 200 to get a registration card issued in the form of a ‘smart card’. For example, if a person buys an electric two-wheeler worth Rs 1 lakh, he will save up to Rs 9,000 in taxes and other charges. ”