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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.


 

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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|


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