What you get
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. | 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.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What are the mandatory residency and documentation requirements applicants must fulfill to be eligible for financial assistance under this promotional effort?
The applicant must be a permanent resident of Goa. They must also possess an Aadhar Card and a Driving License that have both been issued in Goa.
Are there any supplementary financial incentives provided for purchasing new vehicles that are specifically manufactured locally within the State of Goa?
Yes, an incentive is provided if the vehicle is Manufactured in Goa. This incentive is ₹5,000/- for a Two Wheeler, ₹10,000/- for a Three Wheeler, and ₹15,000/- for a Four Wheeler.
What is the maximum total amount of subsidy available from the State Government that an eligible applicant can receive for the purchase of different categories of vehicles?
The State Subsidy is capped, meaning it will not exceed ₹30,000/- for a Two Wheeler, ₹60,000/- for a Three Wheeler, or ₹3,00,000/- for a Four Wheeler.
How exactly will the various financial benefits, including subsidies and manufacturer contributions, be combined to help reduce the total upfront cost of the vehicle for the consumer?
The Convergence Energy Services Ltd. (CESL) will club the incentives from the Faster Adoptions and Manufacturing of Hybrid and Electric Vehicles (FAME) II scheme of the Central Government, the State Government subsidy, and the contribution from the Original Equipment Manufacturer (OEM).
Who is responsible for determining the final financial subsidy amount, and what operational basis is used for deciding the sequence of disbursement to beneficiaries?
The total financial subsidy amount will be decided by the Department of New and Renewable Energy. Disbursement of this assistance will be done based on a First Come First Serve (FCFS) approach.
Can applicants receive the contribution for scrapping an old vehicle provided by the Original Equipment Manufacturer or the Convergence Energy Services Ltd. for all vehicle types?
No, the other contribution for scrapping, provided by the Original Equipment Manufacturer/Convergence Energy Services Ltd. (OEM/CESL), is limited to ₹5,000/- and is available only for the Two Wheeler category.
What specific financial incentives are offered by the Government of Goa to consumers who elect to scrap and de-register an old vehicle when purchasing a new electric model?
The Goa Government Incentive for scrapping a vehicle is ₹5,000/- for a Two Wheeler and ₹10,000/- for both a Three Wheeler and a Four Wheeler.
Which specific categories of vehicles are eligible to receive the purchase incentive provided in the form of a subsidy under the scope of this scheme?
The scheme's scope covers providing an incentive in the form of a subsidy to prospective users for the purchase or conversion of Electric Two Wheelers, Three Wheelers, and Four Wheelers in the State of Goa.
What is the specified method and required documentation for receiving the approved financial assistance after the purchase or conversion has been completed?
The subsidy shall be disbursed in a single installment (100%) to the beneficiary concerned. This happens upon production of the documents of purchase/conversion, specifically a copy of the Registration Certificate book and Insurance by the beneficiary.
How is the exact amount of the Purchase Incentive calculated when converting an old Internal Combustion Engine vehicle into an Electric Vehicle using a retrofitting kit?
The incentive is calculated based on the capacity of the battery or the maximum capping of the State subsidy, whichever amount is lower. This is provided subject to the retrofitting kit being approved by the Regional Transport Office (RTO).
If an applicant chooses to purchase their Electric Vehicle directly from a registered dealer, will they still be able to utilize all aspects of the available financial assistance?
The consumer can opt to purchase the Electric Vehicle directly from a dealer and still avail benefits from the Government of Goa. However, in such a case, the financial assistance, specifically the low-cost loans, from the Convergence Energy Services Ltd. (CESL) will not be available.
Are there specific conditions under which the applicant will be eligible to receive low-cost loans offered by the Convergence Energy Services Ltd. (CESL)?
The financial assistance, including low-cost loans, from Convergence Energy Services Ltd. (CESL) will be available only if the Electric Vehicle is purchased from CESL.
What is the specific financial calculation used to determine the rate of the subsidy provided by the Government of Goa for vehicles purchased during the 2021-2022 financial year?
For the 2021-2022 financial year, the quantum of subsidy is calculated at ₹10,000/- per kilowatt-hour (kWh). This rate applies uniformly to Two Wheelers, Three Wheelers, and Four Wheelers.
Are there any predetermined limits set by the State Government regarding the maximum number of new vehicles for which subsidies will be provided across different categories?
Yes, the subsidy is limited to 3,000 Two Wheelers, 50 Three Wheelers, and 300 Four Wheelers. Once these numbers are reached for each category, further subsidies will likely cease.