Grant of Subsidy for Purchase of 'Electric Vehicles' to Consumers in State of Goa

##### *State Subsidy (Quantum of Subsidy per kilowatt-hour)*

• Financial Year 2021-2022: ₹10,000/- per kilowatt-hour (kWh) for Two Wheelers, Three Wheelers, and Four Wheelers.
• Financial Year 2022-2023: ₹8,000/- per kilowatt-hour (kWh) for Two Wheelers, Three Wheelers, and Four Wheelers.
• Financial Year 2023-2024: ₹6,000/- per kilowatt-hour (kWh) for Two Wheelers, Three Wheelers, and Four Wheelers.
• Financial Year 2024-2025: ₹4,000/- per kilowatt-hour (kWh) for Two Wheelers, Three Wheelers, and Four Wheelers.
• Financial Year 2025-2026: ₹2,000/- per kilowatt-hour (kWh) for Two Wheelers, Three Wheelers, and Four Wheelers.

##### *Capping of State Subsidy (Maximum amounts)*

• Two Wheeler: Not exceeding ₹30,000/- (for a maximum of 3,000 vehicles).
• Three Wheeler: Not exceeding ₹60,000/- (for a maximum of 50 vehicles).
• Four Wheeler: Not exceeding ₹3,00,000/- (for a maximum of 300 vehicles).

##### *Scrapping Incentives (Goa Government Incentive for scrapping of vehicle)*

• Two Wheeler: ₹5,000/-.
• Three Wheeler: ₹10,000/-.
• Four Wheeler: ₹10,000/-.

##### *Other Contribution for Scrapping of Vehicle by Original Equipment Manufacturer (OEM) or Convergence Energy Services Limited (CESL)*

• Two Wheeler: ₹5,000/-.
• Three Wheeler: Not applicable (NIL).
• Four Wheeler: Not applicable (NIL).
• Incentive for Vehicle Manufactured in Goa:
• Two Wheeler: ₹5,000/-.
• Three Wheeler: ₹10,000/-.
• Four Wheeler: ₹15,000/-.

*Central Government Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)-II Scheme Subsidy:* Provided as applicable.

*Low Cost Loans:* Convergence Energy Services Limited will provide low cost loans to the consumer for the purchase of an Electric Vehicle if the vehicle is purchased from Convergence Energy Services Limited.

*Training and Capacity Building:* Convergence Energy Services Limited will provide training/capacity building to local youths in the field of servicing of electric vehicles.

<br>

##### *Benefit Disbursal Conditions*

• The total amount of financial subsidy will be decided by the Department of New and Renewable Energy.
• Disbursement will be done on a First Come First Serve (FCFS) basis.
• The subsidy shall be disbursed in a single installment to the beneficiary concerned, which is 100% on purchase or conversion of the vehicle.
• The Purchase Incentive for conversion of an Old Internal Combustion Engine vehicle into an Electric Vehicle by a retrofitting kit will be provided as per the capacity of the battery or maximum up to the capping of the State subsidy, whichever is lower.
• If a consumer opts to purchase an Electric Vehicle directly from a dealer and avail benefits from the Government of Goa, the financial assistance from Convergence Energy Services Limited will not be available.

##### *Post-Selection Obligations*

• The beneficiary must ensure that the purchase incentive for conversion is subject to the approval of the retrofitting kit by the Regional Transport Office.
• The registered owner of an Electric Vehicle claiming a Scrapping Incentive must obtain confirmation of scrapping and de-registration of the old Internal Combustion Engine vehicle by the Regional Transport Office, as reimbursement is subject to this confirmation.

<br>

• The applicant must be a permanent resident of Goa.
• The applicant must be the registered owner of the Electric Vehicle for which the Purchase Incentive is claimed.
• The applicant must ensure the vehicle is an Electric Two Wheeler, Three Wheeler, or Four Wheeler purchased or converted in the State of Goa.
• The applicant must purchase the Electric Vehicle from Convergence Energy Services Limited to avail of their low-cost loans and financial incentives.

<br>

_The application and disbursement process for the financial benefits under the &quot;Scheme for Promotion of Electric Vehicles in the State of Goa&quot; vary depending on the method used to acquire the Electric Vehicle (EV)._

<br>

##### *Disbursement Through Convergence Energy Services Limited (CESL)*

• If the consumer chooses to purchase the Electric Vehicle from Convergence Energy Services Limited (CESL), the financial structure is designed to reduce the upfront cost.
• Upfront Reduction: CESL will &quot;club the incentives&quot; provided under the Central Government&#39;s Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)-II scheme (as applicable), along with the subsidy proposed by the State Government, and the contribution from the Original Equipment Manufacturer (OEM).- Purpose: This clubbing of incentives is specifically intended &quot;to reduce the upfront cost of the vehicle to the consumer&quot;.- Loans: CESL also provides low-cost loans to the consumer for the purchase of the Electric Vehicle.- Condition: However, the consumer must purchase the vehicle directly from CESL to avail of this financial assistance and the upfront cost reduction mechanism.

##### *Disbursement Through Direct Purchase/Conversion (State Subsidy)*

• If the consumer opts to purchase the Electric Vehicle &quot;directly from dealer and avail benefits from Government of Goa,&quot; the financial assistance from CESL will not be available.
• In this scenario (or when converting an existing vehicle), the State subsidy is provided as a disbursement to the beneficiary after the purchase and registration requirements are met.
• Disbursement Pattern: The subsidy is disbursed &quot;in a single installment to the beneficiary concerned i.e. 100% on purchase/conversion of the vehicle&quot;.- Documentation Requirement: To receive this disbursement, the beneficiary must engage in the &quot;production of documents of purchase/conversion i.e. copy of Registration Certificate book and Insurance&quot;.

##### *Scrapping Incentive*

If the registered owner of the EV claims the Scrapping Incentive, the reimbursement of that incentive is subject to the confirmation of scrapping and de-registration of the old Internal Combustion Engine (ICE) vehicle by the Regional Transport Office (RTO).

<br>