The new Electric Vehicle Policy of the Telangana Government builds on its previous announcements to encourage EV adoption, with more specific incentives now.
The Telangana government, as part of its new policy to promote electric vehicles, offers 100 per cent exemption of road tax and registration fee for the first two lakh electric two-wheelers purchased and registered within the state, according to the State Electric Vehicle and Energy Storage Policy.
Telangana Ministers KT Rama Rao and Ajay Kumar launched the policy which will be applicable for the period 2020 to 2030. On agriculture, the policy gives 100 per cent exemption on road tax and registration fee for electric tractors purchased and registered in the state as per the existing rules/guidelines applicable for tractors by the Transport Department.
The objective of the policy:
- Is to make Telangana a major base for EV and ESS (energy storage system) sectors and to attract investments worth USD 4.0 Billion and create employment for 120,000 persons by 2030.
- To generate demand for battery storage solutions by driving EV adoption incentives and supply side incentives for battery manufacturing.
- To proactively support creation of EV charging infrastructure in the initial phase and eventually create a market for commercially viable EV charging business.
The state government shall facilitate setting up of initial batch of fast charging stations in Hyderabad and other towns in a phased manner, by state entities and private players. The government shall extend tailor-made benefits to mega and strategic projects on case to case basis.
- As per the e-vehicle policy Investment of more than ₹200 crore in plant and machinery or providing employment to more than 1,000 people shall be categorised as mega project.
As per Minister KT Rama Rao Telangana has come out with an extremely comprehensive policy which is clubbed in with the EV policy because these two are tight- knit ideas which need to work cohesively. The government have also signed MoUs with five firms which are set to invest in the EV space.