Karnataka was India’s first state to announce a dedicated EV policy in 2017. With a vision to become the ‘EV Capital’ of the country, Karnataka’s Electric Vehicle and Energy Storage Policy aimed to attract investments in EV manufacturing and battery storage and generate employment opportunities in the sector. The policy set the target of 100,000 EVs and allowed interest free loans for EV manufacturers.
- Investment promotion subsidies for Micro & Small Enterprises (MSEs), exemption from stamp duty, concessional registration charges as well as reimbursement of land conversion fee.
- 100 % electric mobility by 2030 in Auto rickshaws, cab aggregators, corporate fleets, school buses/vans.
- Exemption on RTO tax.
|Policy focus areas||Demand side incentives||Incentives for charging infrastructure||Manufacturing incentives for EVs and components||Research and innovation|