Chandigarh hops on the EV lane with seed money to subsidise buyers

The UT’s electric vehicle (EV) policy is all set to be rolled out by month-end with the finance department creating a corpus of ₹5 crore, to be used to fund subsidies for buyers.

With this allocation, officials estimate that subsidy can be given to around 500 buyers.

“The finance department has allocated a token amount of ₹5 crore in UT budgetary allocation. Though the amount is less than the estimated requirement, it paves way for creation of the EV Fund,” said an UT official.