Incentives offered by Government on Electric vehicles

 

Incentives offered by Government on Electric vehicles:-

Popularity of electric vehicles has been increasing in India from past 2 years due to increased government focus towards electric vehicles in order to reduce the increasing pollution level in India. As per ANI data on 3^rd August 2022 no. of registered electric vehicles in India are 13, 92,265 which is as per data obtained from Ministry of road transport and highways. There is more than 3 times increase in sale in FY 2021-22 in comparison to FY 2020-21 when sale was 1,34,460 nos.

 

There are varieties of schemes under Production linked incentive and other benefits have been offered by government in order to boost production of electric vehicles. Few of them are as below:-

(i)                  On 12^th May 2021 government has started PLI scheme for companies for manufacturing of ACC called as advanced chemistry cells in County itself in order to bring the cost of battery in country. As batteries are main cost component of electric vehicles

(ii)                GST has been reduced on electric vehicles from 12% to 5%.

(iii)              GST also reduced on chargers and electric vehicle charging stations from 18% to 5%.

(iv)              Further Ministry of road Transport and Highways also called as MoRTH has exempted the electric vehicle from permit requirements.

(v)                MoRTH also issued notification to states to waive off the road tax on Electric vehicles.

Government is also working on either waive off of 100% toll tax or 50% toll tax on electric vehicles.

Electric vehicle no. plates are now in green for demarked separation from other fuel vehicles. It is also under proposal for free parking for electric vehicles for 3 years. Further it will be made mandatory for allocating 10% space for parking electric vehicles in commercial, offices as well as residential areas.

Electric Chargers:-

Now you can estimate from above that how bigger will be the demand of electric vehicles and so as the increasing sale of electric chargers. There are so many varities of chargers available in the market.

There are two types of chargers available in the market:-

(a)    Slow chargers

(b)   High speed chargers

Now lets discuss about these chargers:-

(a)   Slow Chargers:-

Slow chargers work on Alternating current (AC) i.e. you can directly plug the charger from available electric source and these chargers are usually 3 pin plug chargers and they have capacity of 3 KW. Only required is 15A power point for charging of vehicle through that charger.

(b)   High speed chargers:-

These chargers uses both AC or DC source for charging of vehicle. These chargers are available up to rating of 350 KW. These chargers are also called as CCS i.e. combined charging system. There are 2 types of charging sockets which support these chargers i.e. two pin charging port or three pin charging port.

 

ABB is offering chargers in following ranges for four wheelers:-

1.      AC Destination charger 3KW to 22 KW

2.      DC Destination charger 11 KW to 24 KW

3.      DC Fast charger- 50 KW to 180 KW

4.      DC High power all in one- 90 KW to 360 KW

5.      DC High power- 170 KW to 350 KW+

Apart from ABB  there are various companies which are offering various types of chargers.