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Highlights of Uttarakhand EV Policy (2018) – Incentives, Subsidies, Exemptions of Electric Vehicle Policy


Last Updated: February 2020 by Narasimhan Santhanam



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EV Nexta division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.


 

Objectives

  • To create a conducive atmosphere to support manufacturers, and reduce vehicular pollution
  • To create jobs in the state

Targets

Public Transport:

Buses: Initial target of 500 e-buses before 2022

Incentives

  1. Demand Incentives
  • First 100,000 customers purchasing EVs in the state will not have to pay motor vehicle tax for a period of 5 years.
  • First 100,000 customers purchasing commercial EVs or electric stage carriages will also be able to avail exemption from tax.
  1. Supply Incentives
  •  Land provided to the EV manufacturing sector will not be utilised for other purposes till 15 years.
  •  Entrepreneurs will be entitled to 100% electricity duty exemption
  • Government will offer term loans of Rs.100-500 million to micro, small and medium enterprises (MSMEs) to manufacture EVs.
  •  Manufacturing plants that have a minimum of 100 employees will benefit from the government’s employee provident fund per company of Rs. 20 million.
  • The state government has also planned to contribute around 30-50 per cent of overall Goods and services tax (GST) paid by the MSMEs for 5 years since their first day of production.
  •  The firms must also employ around 70 percent of its staff from the state itself to avail the incentives.

Read EV Next posts on electric vehicle policies for these states: Andhra Pradesh|Delhi|Karnataka|Kerala|Tamil Nadu|Maharashtra|Telangana|Uttar Pradesh|


evnext-logo-v-smallKnow more on how EV Next can assist your business in your strategy for the e-mobility and electric vehicles sectors, Here

Wish to know everything about India’s EV market from one place? Check out the India EV Expert Guide, an 800 page comprehensive guide to the Indian EV marketHere



Categories: E-mobility, Electric Vehicle, Electric Vehicles, EV Policies & Regulations, India State EV Policies

Author - Narasimhan Santhanam


Thank you for reading this post – hope it was helpful. You can connect with me at narsi@eai.in. My detailed profile here and my LinkedIn profile here

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