Cabinet approves states Electric Vehicle policy

Cabinet


DW BUREAU / Chandigarh The Haryana government on Monday approved the State Electric Vehicle (EV) Policy 2022 offering several financial incentives to EV manufacturers. A decision in this regard was taken at a meeting of the state cabinet which met here under the chairmanship of Chief Minister Manohar Lal Khattar. The EV policy offers various financial incentives to EV manufacturers by giving incentives on fixed capital investment (FCI), net SGST, stamp duty, employment generation, etc, an official statement said. There is 100 per cent reimbursement of stamp duty along with exemption in electricity duty for a period of 20 years. The SGST reimbursement shall be 50 per cent of the applicable net SGST for a period of 10 years. Companies manufacturing electric vehicles, components of electric vehicle, EV battery, charging infrastructure etc. shall be incentivized with capital subsidy. Mega industry shall get capital subsidy at 20 per cent of FCI or Rs 20 crore whichever is lower; large industry will get subsidy of 10 per cent of FCI up to INR 10 crores, for medium industry 20 per cent of FCI upto Rs 50 lakh, for small industry 20 per cent of FCI up to Rs 40 lakh and for micro industry 25 per cent of FCI up to Rs 15 lakh. Under this policy, units setting up batteries disposal units will get 15 per cent of FCI up to Rs 1 crore. The policy provides for employment generation subsidy of Rs 48,000 per employee per annum for 10 years in lieu of Haryana domiciled manpower being employed with EV companies. Efforts shall be made to convert 100 per cent of the bus fleet owned by Haryana State Transport Undertakings into electric buses or Fuel Cell Vehicles or other non- fossil-fuel-based technologies by 2030. The cities of Gurugram & Faridabad will be declared as model Electric Mobility (EM) cities with phase-wise goals to adopt Electric Vehicles (EVs), charging infrastructure to achieve 100 percent e-mobility. In addition to this, the Department of Town and Country Planning (TCP) shall mandatorily include the provisions for charging of electric vehicles in places such as Group Residential buildings, commercial buildings, institutional buildings, Malls, Metro Station etc., for enabling the overall ecosystem for uptake of Electric Vehicles. (editor@dailyworld.in)




Related

HSVP launches last and final settlement scheme
DW BUREAU / Chandigarh Haryana Shehri Vikas Pradhikaran (HSVP), under the guidance of Haryana Chief Minister, Sh. Manohar Lal, has announced the la

Smriti for single nodal account for women empowerment schemes
DW BUREAU / Chandigarh Haryana will work in mission mode for the schemes to be launched by Prime Minister Narendra Modi through various ministries,

Training camp for shrimp farmers at vet varsity
DW BUREAU / Ludhiana Three days training on 'Best Management Practices for Shrimp Farming in inland saline areas' was conducted on demand at Colleg