The central Indian state’s EV policy has been formulated with a view to bring down emissions, improve air quality and create a sustainable EV ecosystem. For rapid adoption, it provides incentives like free parking, exemptions in road and registration taxes and battery swapping technology for three-wheelers. The state envisages 25% of all new vehicles registered to be EVs by 2026.
Provisions:
- Provide the marginally increased incentives including land concessions and FAR relaxation
- 1% road tax and exemption of registration fee for the first five-year period
Policy focus areas | Demand side incentives | Incentives for charging infrastructure | Manufacturing incentives for EVs and components | Research and innovation |
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