Overview

• The new draft follows the 2021 policy’s shortfall, with EV adoption reaching about 9% against a 20% goal by August 2025.
• Purchase incentives are expanded across segments, including Rs 2 lakh for taxis and Rs 20 lakh per electric bus, with scaled payouts for heavier vehicles.
• All fuel pumps on national and state highways and OSRTC bus terminals must host at least one fast charger, backed by viability gap funding for rollout.
• Capital subsidies are proposed for the first 100 public battery-swapping stations to accelerate two- and three-wheeler electrification.
• The plan adds institutional support with at least three CoEs, a Rs 15 crore EV R&D grant, targeted workforce training, and deadlines to replace government vehicles within six months and school buses, ambulances, and PCR vans within 12 months of notification.