Haryana government announces State Electric Vehicle Policy | Fusion - WeRIndia

Haryana government announces State Electric Vehicle Policy

Haryana government announces State Electric Vehicle Policy

To encourage electric vehicle (EV) production in the state, the Haryana government offered several incentives to EV manufacturers. These include stamp duty, fixed capital investment and net SGST.

The state cabinet yesterday approved the Electric Vehicle (EV) Policy 2022 for the state. To encourage EV manufacturers, the Haryana government announced a 100 per cent reimbursement of stamp duty. Besides, they will be given an exemption in electricity duty for 20 years.

Announcing this year as the Year of the Electric Vehicles in the state, the Haryana government issued a list of SOPs.

As per this list, the government decided to offer a subsidy of ₹48,000 for employment generation. This amount is given per employee per annum and for up to 10 years.

EV manufacturers will be given capital subsidies. In addition to that, they will get 50 per cent of reimbursement in the net SGST for 10 years.

The government wanted to convent all buses owned by the state transport into electric buses by 2030.

As the incentives will encourage more people to buy electric vehicles, the government directed the Department of Town and Country Planning (TCP) to ensure that all buildings, both residential and commercial, should have the provisions for charging electric vehicles. Also, Metro stations and Malls should set up charging points for these vehicles.

As the cost of an electric vehicle is higher than the regular fuel-based vehicles, the government decided to offer certain incentives to buyers to reduce the upfront cost.

They will be given relaxation in the registration fee. Besides, they will be offered a rebate on road tax.

Those who buy electric vehicles or hybrid electric vehicles can get a direct benefit transfer of up to ₹10 lakhs.

Colleges and other such institutes will be given a one-time subsidy of ₹25 lakhs for establishing infrastructure related to EVs. However, it is given to the first 20 institutes.

Image from Pxhere (Free for commercial use / CC0 Public Domain)

Image Reference: https://pxhere.com/en/photo/604185

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