From The Times of India:
“The Haryana government recently gave its go ahead for the State Electric Vehicle Policy 2022. Under the EV policy, manufacturers will be offered several financial incentives to manufacturers of electric vehicles, EV components, EV batteries, charging infrastructure and more. Moreover, buyers of EVs will also be incentivised, reducing the effective upfront costs as EVs demand a higher initial cost in comparison to ICE vehicles.
Here is what the policy offers:
EV manufacturers will be incentivised on Fixed Capital Incentives(FCI), net SGST, stamp duty, employment generation and more.
1. 100 percent reimbursement of stamp duty along with exemption in electricity duty will be given to EV manufacturers for a period of 20 years.
2. 50 percent of net SGST filed by EV manufacturers will be eligible for reimbursement for 10 years.
3. EV and EV component manufacturers will be incentivised with capital subsidy.
4. Employment generation subsidy of Rs 48,000 per employee every year for 10 years.
5. Gurugram and Faridabad to be declared as model Electric Mobility (EM) cities. Adoption to be done in phase-wise manner to realise 100 per cent e-mobility goal.
6. Pledge to convert Haryana State Transport bus fleet into 100 per cent non fossil fuel based fleet by 2030.
Moreover, Mega industry players operating in Haryana will also be eligible for a capital subsidy of 20 per cent on FCI or Rs 20 crore. Whichever is lower. Similarly, large industries will enjoy capital subsidy of 10 percent of FCI or Rs 10 crore. 20 percent of FCI up to Rs 50 lakh for medium industry and 20 percent of FCI or Rs 40 lakh for small industry. Even the micro industry will benefit from a capital subsidy of 25 percent of FCI up to Rs 15 lakh.
‘We welcome this groundbreaking move by the Haryana Government to declare 2022 as the Year of EVs. What’s encouraging is that there is a comprehensive EV policy backing this move. Slashing emissions from the road transport sector forms a pivotal part of India’s efforts to de-carbonise its economy and a well-articulated, incentivised EV policy is crucial to creating a conducive environment for the adoption of EVs.’ Suman Mishra,CEO, MEML, said.
Up to Rs 10 lakh worth benefits for EV buyers:
Under the policy, buyers of electric vehicles or hybrid electric vehicles in Haryana, will enjoy an early bird benefit transfer of up to Rs 10 lakh. Relaxation in registration fees and lower Motor Vehicle Tax rates are also being offered.
Grants for R&D and Institutions:
In order to promote Research and Development of EV technology in the state, the Haryana government is also offering 50 per cent of project cost (up to Rs 1 crore) for developing new charging technologies. Also up to Rs 5 crore for developing new EVs to R&D centres.
Institutes carrying out research on non-fossil-fuel based mobility will also be eligible for grants worth Rs 5 crore. First 20 colleges/institutes in fields of industrial training and polytechnics will also get a one time subsidy of Rs 25 lakh.”