New EV policy approved in Haryana, exemption will be available on EV battery, charging infrastructure and electricity duty
Under the EV policy, units installing battery disposal units will get 15 percent of the FCI amount up to Rs 1 crore. The policy provides for employment generation subsidy of Rs 48,000 per employee per year for 10 years in lieu of employing domicile manpower of Haryana with EV companies.
Haryana government on Monday electric vehicle ,EV) Policy approved on 2022. this policy (EV PolicyMany different types of financial benefits will be given to the companies making EVs. The decision on this decision was taken in the state cabinet. Chief Minister Manohar Lal Khattar also attended the meeting. Under the new rule, companies making EVs will be given fixed capital investment, net SCGST, stamp duty, and financial help to increase employment. In the new rule, up to 100 percent reimbursement will be given in stamp duty. Also, exemption from electricity duty will be given for 20 years.
The reimbursement of SGST will be 50% of the applicable net SGST for a period of 10 years. Companies manufacturing electric vehicles, components of electric vehicles, EV batteries, charging infrastructure etc. will be given incentives along with capital subsidy. The mega industry will get capital subsidy at the rate of 20 per cent of FCI or Rs 20 crore whichever is less. 10 percent FCI subsidy up to Rs 10 crore to large industry, 20 percent of FCI to medium industry up to Rs 50 lakh, 20 percent of FCI up to Rs 40 lakh to small industry and 25 percent of FCI to micro industry up to Rs 15 lakh Will get
EV policy benefits
Under the EV policy, units installing battery disposal units will get 15 percent of the FCI amount up to Rs 1 crore. The policy provides for employment generation subsidy of Rs 48,000 per employee per year for 10 years in lieu of employing domicile manpower of Haryana with EV companies. According to the new rule, by 2030, efforts will be made to convert 100 percent of the buses operating in Haryana state transport to electric buses or fuel cell vehicles or other non-fossil-fuel based technology.
The emphasis will be on infrastructure
The cities of Gurugram and Faridabad will be declared as Model Electric Mobility (EM) cities with phase wise targets for adoption of Electric Vehicles (EV) by creating charging infrastructure to achieve 100% e-mobility. In addition, the Town and Country Planning Department (TCP) will compulsorily include provisions for charging electric vehicles at places like collective residential buildings, commercial buildings, institutional buildings, malls, metro stations etc.
The year 2022 will be declared as the “Year of Electric Vehicles” in Haryana. The objective of the EV policy is to protect the environment, reduce carbon footprint, make Haryana an EV manufacturing hub, ensure skill development in the EV sector, promote EV vehicles, provide EV charging infrastructure and encourage R&D in EV technology. .(PTI)