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Electric Vehicle Policy

Electric Vehicle Policy

 

Good News for those who are planning to buy Electric Car.

Get Incentives up to 10.00 Lacs on Electric Vehicle.

 

Govt. of Haryana has given the approval of Electric Vehicle Policy and fix the Fund of Rs. 823.31 Crores. Under this policy, Govt. has made the provision for giving benefits to:

  1. Buyers of Electric Vehicles
  2. Manufacturer of EV’s
  3. Benefits for Set up Charging Station.

 

  1. Incentives to Buyers:

Under this policy, Incentives has been given to buyers as on the basis of First Come First Serve.  Incentives amount may be Rs. 3.00 Lacs to 10.00 Lacs.

 

Incentives will be as:

On Car Cost up to Rs. 40.00 Lacs – 15% or Maximum up to Rs. 6.00 Lacs

On Car Cost More than Rs. 40.00 Lacs – 15% or Maximum up to Rs. 10.00 Lacs

On Electric Tractor – 50% of Cost or Maximum up to Rs. 5.00 Lacs

On Electric Bus – 10% of Cost or Maximum up to Rs. 10.00 Lacs

 

Further, Exemption of 100% on Registration Fees shall be given to Two Wheelers and 75% to Four Wheelers.

 

 

     2. Financial Benefits to EV’s Manufacturer:

  • Capital subsidy of Fixed Capital investment (FCI) in the following manner:

 25% of FCI up to maximum of Rs 15 lakh for Micro industries.

20% of FCI up to maximum of Rs 40 lakh for Small industries.

20% of FCI up to maximum of Rs 50 lakh for Medium industries.

10% of FCI up to maximum of Rs 10 Crore for large industries

And for mega industries up to maximum Rs 20 crore.

 

  • For Stamp duty:

 100% of stamp duty and transfer duty paid on purchase/ lease/ mortgages/hypothecation of land/shed/ building will be reimbursed.

 

  • 100% Exemption on Electric Duty
  • 50% Refund of State GST.

 

 

     3. Benefits for Charging Stations:

  • Capital Subsidy of value of charging station equipment/machinery in the following manner:

 25% of value up to maximum of Rs 10 lakh for first 100 charging station having Direct current charge of 100 volt and above.

25% of value up to maximum of Rs 30,000/- for first 300 charging station having Direct current charge of below 100volt.

 

 

  • 100% Refund of Net State GST Paid.

 

So if you are planning to start the business of Electric Vehicle then you should take the early action. You may read more about this policy on the following link: Electric Vehicle Policy

 

In order to get the notification of this scheme or know more about business subsidy, join KIP: Business and Subsidy Update Plan.

 

For Joining, Click at: https://rzp.io/l/subsidyupdates

 

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