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Haryana’s EV Policy 2022 Explained | The EV Revolution

In a major bid to promote EV adoption in the State of Haryana, the Haryana Government gave a green signal to the State’s EV Policy for 2022. Under the EV policy, the government will offer a plethora of financial incentives to EV manufacturers as well as consumers. Here’s all you need to know about Haryana’s EV Policy.

The Plan and Preparation

EVs: A Step Towards the Future

The Haryana EV Policy has been developed with an aim to push the EV revolution entirely in the state with 100% of Haryana State Transport buses swapped with either electric units Fuel Cell Vehicles or any other non-fossil fuel-based technology by 2030.

The year 2022 has been dubbed the ‘Year of the Electric Vehicles’ in Haryana. The EV policy also possesses bigger aims like reducing carbon footprint, environment protection and making Haryana an EV manufacturing hub along with encouraging EV adoption sentiment, ensuring skill development in the EV field, and promoting EV R&D.

The policy specially mentions two cities- Gurugram and Faridabad which will be declared as model Electric Mobility cities with an ultimate goal to adopt EVs and charging infrastructure to achieve 100% e-mobility.

But for the EV tech to truly flourish, charging stations are a must. To make sure there is no dearth of charging stations, the  Department of Town and Country Planning has been instructed to include provisions for EV Charging in Group Residential Buildings, commercial buildings, institutional buildings, Malls, Metro Stations, and more.

Also Read: Toyota Hyryder Officially Revealed! Everything You Need To Know

The Haryana EV Policy 2022

Delhi gets its own Electric Vehicle Policy, Incentives of upto Rs 1.50 lakh
EV: The Way Ahead

In a cabinet meeting headed by CM Manohar Lal Khattar, Haryana’s new EV Policy for 2022 was given a go-ahead as a move to boost EV adoption in the state.

Under the policy, financial incentives will be offered to EV makers via modes like incentives on fixed capital investment, stamp duty, employment generation, net SGST, and others. Stamp duty will get a 100% reimbursement, while electricity duty exemption will be for 20 years. As for the SGST reimbursement, it will be 50% of the applicable SGST for 10 years.

For those companies that manufacture EVs and EV components like charging infrastructure and batteries incentives will come in form of subsidies. While Mega industry will get a capital subsidy at 20% of FCI or Rs. 20 crore, whichever are lower, large ones will get a subsidy of 10% of FCI or up to Rs. 10 crores. Similarly, the medium industry will get 20% of FCI up to Rs. 50 lakhs, while the small industry will get 20% of FCI up to Rs. 40 lakhs. Even the micro-industry will benefit with 25% of FCI up to Rs 15 lakhs.

Incentives are also in line for battery disposal units, which will get 15% of FCI up to Rs. 1 crore. The Haryana EV policy will also provide an employment generation subsidy of Rs. 48,000 per employee per annum for 10 years in lieu of Haryana domiciled manpower being employed with EV companies.

Must Read: How the Union Budget 2022 Is a Booster For Electric Vehicles!

Related: Delhi gets its own Electric Vehicle Policy, Incentives of upto Rs 1.50 lakh

What’s in it for buyers?

Will 2022 Be The Year For Electric Vehicles In India?
2022: The Year of Electric

What drives any state into the EV evolution is consumer sentiment. And to achieve a positive consumer sentiment it is crucial for any EV policy to address consumer hesitation toward EVs. Tackling the same, the Haryana EV policies address the issue by targeting high prices of EV vehicles and providing incentives in form of the reduced upfront purchasing cost. Early bird direct benefit of up to Rs. 10 lakhs will be given on the purchase of EVs or Hybrid EVs in Haryana along with relaxation in registration fees and discount on Motor Vehicle Tax as well.

Electric Vehicles- R&D

Components of an electric vehicle
Components of an electric vehicle

As per the aim, the Haryana EV policy promotes EV R&D via incentives to educational or research institutes if they set up R&D centres. The policy promises to provide 50% of the project cost up to Rs. 1 crore for developing new electric charging technology and up to Rs. 5 crores for developing new electric vehicle technology.

For R&D in non-fossil fuel-based solution, there will be Rs. 5 crores as a grant. Additionally, there will also be a subsidy of Rs. 25 lakhs for the first 20 colleges or polytechnics/ industrial training institutes for setting up infrastructure related to the R&D of EVs.

Even government organizations, private companies, PSUs and other organizations will be encouraged to undertake EV R&D with a 50% grant of the project costs up to Rs. 5 crores.

So this was all about the Haryana EV policy 2022. Stay pinned to the GoMechanic Blog for everything automotive.

Also Read: 5 Perfect SUVs To Upgrade From A Hatchback

Sankul Nagpal
Law Graduate || Creative and Legal Content and Copyright Specialist || Freelancer

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