Giving a further push to the electric vehicle manufacturing sector in the state, the Telangana government has now announced a new electric vehicle (EV) policy to promote electric mobility. The new EV policy is effective from 2020 to 2030.
Telangana IT and Urban Development minister KTR said that to promote clean energy and a faster transition to e-mobility, the Telangana government announced a new electric vehicle policy becoming the third state in the country to do so. Under the EV policy, the first 2 lakh new electric two-wheelers, 20,000 electric three-wheelers, 5,000 private electric four-wheelers, and more will be exempted from paying road tax and registration fee.
He said, “The Electric Vehicle Policy will make Telangana a hub for electric vehicles in the future. As per the new policy, electric vehicle manufacturers will be given various subsidies, GST reimbursements, power tariff subsidies, and special power tariff for EV charging stations.”
The IT minister said the government would set up one charging station for every 50kms and will give exemptions on road tax and registration fees to EV owners. The policy will also offer incentives to OEMs to manufacture electric vehicles in the state.
“In the last five years, the state has attracted $2.8 billion worth investments,” he said via video-conference which was attended by industrialist Anand Mahindra and NITI Aayog CEO Amitabh Kant.
With the Telangana government’s policy, a large number of Electric Vehicles will show interest to set up their units in the state, he said adding that we can expect big-ticket investments from EV makers.
Telangana is the only other state in the country apart from Delhi and Gujarat to unveil a comprehensive policy for electric vehicles. In August, the state cabinet cleared the EV policy which exempts road tax and registration fees for the first batch of two lakh electric two-wheelers, 5,000 electric cars, 20,000 electric commercial vehicles and 500 electric buses. Around 10,000 electric light commercial vehicles (LCVs), including tractors, will get the benefit of the new electric vehicle policy.
