Karnataka EV Policy – Summary
Status of Policy – Final
Date of Release – 25 Sep 2017
Targets of Karnataka EV Policy 2017
- To make Karnataka as a preferred destination for attracting investments in the manufacture of EVs
- To attract investments of Rs 31,000 crores and create employment opportunities for 55,000 personas from both supply and demand side.
- To provide opportunities for R&D in electric mobility
- To promote a conducive manufacturing ecosystem in collaboration with the industry.
According to Karnataka Budget 2020-21, the state proposes to establish an ‘Electric Vehicles and Energy Storage Manufacturing Cluster’ and a grant of Rs.10 crore is earmarked for this purpose.
Under FAME-2 scheme of Government of India, 300 air-conditioned electric buses are being added to the fleet of Bengaluru Metropolitan Transport Corporation. On these lines, State Government is providing a grant of Rs.100 crore for adding 500 ordinary electric buses to the fleet of the corporation.
Policy Measures
- BMTC, KSRTC, NWKSRTC, NEKRTC to introduce 1,000 EV buses during policy period.
- Intends to achieve 100% e-mobility in auto rickshaws, cab aggregators, corporate fleets, school buses/vans by 2030. Retrofitting of Existing auto rickshaws will be encouraged.
- State Government will make industrial land available for establishing EV Parks and Zones, and set up necessary infrastructure through PPP mode.
- Government will identify potential land on a long lease basis for setting up of EVcharging stations and battery swapping infrastructure. Also, will offer incentives for setting up of the first lot of 100 fast charging stations.
Support for Manufacturing of EVs, EV components, Battery manufacturing, Charging/Swapping infrastructure development:
1. Investment promotion subsidies:
- Micro Enterprise:- 25% of the Value of Fixed Assets (VFA) (max. Rs. 15.00 lakh)
- Small Enterprises:- 20% of the Value of Fixed Assets (VFA) (max. Rs.40.00 lakh)
- Medium Manufacturing Enterprises Rs 50.00 lakh
2. Exemptions from stamp duty
3. Concessional registration charges
4. Reimbursement of land conversion fee
5. Exemption from tax on electricity tariff
6. Subsidy for setting up Effluent Treatment Plants
7. Interest free loans on NET SGST
Link to Policy Document
Karnataka EV and Energy Storage Policy – 2017
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