Meghalaya Electric Vehicle Policy 2021

The Meghalaya Government has prioritized accelerating the adoption of electric vehicles in order to create a clean and green environment in the state through the Meghalaya Electric Vehicle Policy 2021.

The Meghalaya Government intends to provide the necessary impetus for the adoption of at least 15% EVs in Meghalaya over the next five years by providing incentives to a limited number of early electric vehicle adopters. During the Policy Period, Meghalaya aims to facilitate the adoption of approximately 20,000 EVs, which will save approximately 50 lakh liters of fuel, resulting in a reduction of approximately 10,000 Kg of CO2/Day, resulting in a reduction of approximately 36.5 lakh Kg of CO2 per year.

·         All types of electric vehicles purchased during the policy period will be exempt from registration and road tax.

·         If the government decides to implement an Odd-Even system for vehicle traffic in order to reduce pollution, EVs will be exempt from this arrangement.

·         The government will take appropriate steps to reserve parking spaces for EVs in strategic locations.

A non-lapsable Meghalaya Electric Vehicle Adoption Fund (MEVAF) will be established by the Nodal Agency. The applicable Pollution Cess collected from the sale of diesel and gasoline shall be transferred to the MEVAF as of the date of notification by the State Government. An additional cess of 10 paise per liter of diesel and petrol introduced in Meghalaya is expected to generate approximately Rs 5 crores in additional revenue each year.

Demand Incentives proposed under Meghalaya EV Policy

Summary of Vehicle Segment-wise Incentives, Maximum Number of Vehicles to be Supported and other Details.

A

B

C

D

E

F=D*E

G=C*F

Remarks

Sr.

Types of Electric Vehicle

Nos. in 5 Years

Approx Capacity (in Kwh)

Incentive per Kwh in Rs

Incentive per Vehicle in RS

Total Incentive in 5 Years (in Rs Cores)

Maximum ex-factory price to avail Incentive (Rs)

1

2-Wheelers

3500

2

10,000

20,000

7 Cr

1.5 Lakhs

2

3-Wheelers

200

5

4,000

20,000

0.40 Cr

5 Lakhs

3

4-Wheelers

2500

15

4,000

60,000

15.00 Cr

15 Lakhs

4

Strong Hybrid 4-Wheelers

30

1.3

4,000

5,200

0.02 Cr

15 Lakhs

5

Buses

30

250

4,000

10,00,000

3.00 Cr

2 Crores

Note: The Subsidies & Incentives provided under this Policy shall be fungible with the approval of State Level Committee.

 

Policy Document

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