By Press Trust of India | Updated: 28 June 2022
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, an official statement said.
There is 100 percent reimbursement of stamp duty along with exemption in electricity duty for a period of 20 years.
The SGST reimbursement shall be 50 percent of the applicable net SGST for a period of 10 years. Companies manufacturing electric vehicles, components of electric vehicle, EV battery, charging infrastructure shall be incentivised with capital subsidy.
Mega industry shall get capital subsidy at 20 percent of FCI or Rs. 20 crore whichever is lower; large industry will get subsidy of 10 percent of FCI up to Rs. 10 crores, for medium industry 20 percent of FCI upto Rs. 50 lakh, for small industry 20 percent of FCI up to Rs. 40 lakh and for micro industry 25 percent of FCI up to Rs. 15 lakh.
Under this policy, units setting up batteries disposal units will get 15 percent 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 percent 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.
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 percent 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.
