IEP Chandigarh, September 22
Focused on saving the environment, Haryana Chief Minister is making devoted efforts to increase the sale of electric vehicles. Aimed at making a significant contribution to improving the environment, reducing carbon footprints and aggressively motivating the citizens to buy Electric Vehicles, ‘Haryana Electric Vehicle Policy-2022′ was notified by the Industries and Commerce Department on July 8, 2022.
As per the directions of the Chief Minister, this policy places a special emphasis on the creation of an end-to-end ecosystem for E-Mobility in the state and envisages at harnessing Haryana‘s inherent strength in the automotive manufacturing sector for supporting Electric Vehicle manufacturing and adoption within the state.
The Government of India has also launched The Faster Adoption and Manufacturing of Electric Vehicles in India (FAME Scheme I and II) scheme in 2015 which has been extended subsequently in 2019, under the National Electric Mobility Mission Plan (NEMMP) with the aim to promote eco-friendly electric vehicles in the country.
In this backdrop, it became imperative for the State Government to come up with an electric vehicle policy which is not only offering a discount bonanza for the manufacturers but also aims to encourage buyers to shift to E-mobility.
The Chief Minister believes that with this new Policy, the state government aims to promote clean transportation, ensure environmental sustainability by reduction of pollution, increase energy efficiency and conservation and create an ecosystem for manufacturing of Electric Vehicle (EV) components in Haryana. The Policy also aims to make Haryana- a global hub for electric mobility development and manufacturing of Electric Vehicles (EVs) and generate ample employment opportunities for the Youth.
Special incentives for the Manufacturing Firms
In order to attract the manufacturers to set up or convert the already established industries for manufacturing of electric vehicles in the state, many provisions have been made in the Policy offering a special discount bonanza for the Manufacturing Firms.
Capital subsidies will be provided to industries manufacturing Electric Vehicles (BEV/FCEV), major components of EVs, batteries for EVs, and manufacturers of charging infrastructure in each segment of electric vehicles (2-wheelers, 3-wheelers, 4-wheelers, buses/Heavy Vehicle).
As per the policy, 25 percent of FCI or Rs. 15 lakh, whichever is lower will be given as a capital subsidy to the manufacturers on the fixed capital investment of the first 20 units.
The first 10 units will get 20 percent of FCI or Rs. 40 lakh, whichever is lower as capital subsidy on the fixed capital investment.
The first 5 units will get 20 percent of FCI or Rs. 50 lakh, whichever is lower as a capital subsidy on the fixed capital investment.
The first 2 units will get 10 percent of FCI or Rs. 10 crore, whichever is lower will be given as a capital subsidy on the fixed capital investment.
The first 3 units will get 20 percent of FCI or Rs. 20 crore, whichever is lower will be given as a capital subsidy on the fixed capital investment.