The Haryana government on June 27 approved the State Electric Vehicle (EV) Policy 2022, offering several financial incentives to Electric Vehicles manufacturers. A decision in this regard was taken in a meeting of the state cabinet held here under the chairmanship of Chief Minister Manohar Lal Khattar.
The EV Policy aims to protect the environment, reduce carbon footprint, make Haryana an EV manufacturing hub, ensure skill development in the EV field, encourage uptake of EV vehicles, provide EV charging infrastructure, and encourage R&D in EV technology.
The year 2022 will be declared as Year of the Electric Vehicles in Haryana. and The cost of an electric vehicle is comparatively higher than conventional-fuel-based vehicles which is a major deterrent to buyers in switching to EVs.
The policy offers incentives to buyers that would reduce the effective upfront cost and motivate individuals to take up electric vehicles as their primary mode of transportation- said the statement.
The subsidiary amount for Different Industries- mega, small and medium
- Mega industry shall get capital subsidy at 20 percent of FCI or Rs 20 crore whichever is lower; the large industry will get a subsidy of 10 percent of FCI up to INR 10 crores,
- for medium industry 20 percent of FCI up to Rs 50 lakh,
- for small industry 20 percent of FCI up to Rs 40 lakh and
- for the 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
Haryana’s Electric Vehicle Policy- SOP and benefits to manufacturers
- The policy provides for an employment generation subsidy of Rs 48,000 per employee per annum for 10 years instead 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 Fuel Cell Vehicles or other non- fossil-fuel-based technologies by 2030.
- The cities of Gurugram and Faridabad will be declared model Electric Mobility (EM) cities with phase-wise goals to adopt Electric Vehicles (EVs) and charging infrastructure to achieve 100 percent e-mobility.
- In addition to this, the Department of Town and Country Planning (TCPO) shall mandatorily include the provisions for charging of electric vehicles in places such as Group Residential buildings, commercial buildings, institutional buildings, Malls, Metro Station, etc., for enabling the overall ecosystem for uptake of Electric Vehicles.
- The policy provides one-time support to facilitate the conversion of existing manufacturer units completely into EV manufacturing of 25 percent of book value up to Rs 2 crore for Micro, Small, Medium, and Large units.
- The policy will provide early bird direct benefit transfer up to Rs 10 lakh on the purchase of Electric Vehicles or Hybrid Electric Vehicles in the state.
- Buyers will also be eligible for relaxation in the registration fee and a discount on Motor Vehicle Tax.
- The policy encourages R&D in educational or research institutes if they set up R&D centers.
- The policy will promote Research & Development in the field of EVs by granting 50 percent of the project cost up to Rs 1 crore for developing new electric charging technology and up to Rs 5 crore for developing new electric vehicle technology.
- Institutes conducting dedicated research on non-fossil-fuel-based mobility solutions will be provided with Rs 5 crore grant. A one-time subsidy of Rs 25 Lakh shall be extended to the first 20 colleges/Industrial Training Institutes/polytechnics for setting up infrastructure related to the R&D of EV.
- Government organizations, PSUs, and private companies shall be encouraged to set up a Centre of Excellence (CoE) that shall be incentivized with a 50 percent grant of the project cost up to Rs 5 crore.