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The Silicon Review Asia

Telangana government to introduce new policies for Electric vehicles

Telangana government to introduce new policies for Electric vehicles

The State government of Telangana with an ambitious plan of making the State the electric vehicle (EV) capital and the energy storage systems manufacturing hub of India, is formally launching the new electric vehicle policy. The policy will be formally launched by IT and Industries Minister KT Rama Rao, along with Transport Minister Puvvada Ajay Kumar, at the Telangana EV summit to be held on Friday at the MCRHRD institute.

The orders stated that rapid growth in urbanization and surge in the number of vehicles has led to an immediate need for a sustainable model for personal and public mobility in urban centres to address the rising pollution and mobility costs. Electric vehicles have emerged as one such mobility solution that hold the best promise in terms of sustainability and mass adoption, with its pace of technology advancement and cost rationalization.

Incentives will be made available for manufacturing of EVs, energy storage systems and related components in Telangana, and they shall include capital subsidies, SGST reimbursements, power tariff subsidies, etc. Incentives will also be given for two, three and four-wheelers, light commercial vehicles, shared transport and public transport, and shall include waiver on road tax and registration charges.

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