Incentives for Manufacturers/Providers of Privately owned Public Charging Stations/Privately owned Battery Swapping Station
Dear Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you an informative “Incentives for Manufacturers/Providers of Privately owned Public Charging Stations/Privately owned Battery Swapping Station”.
Objective:
Objective of the scheme is to make usage of Electric Vehicles convenient and address range anxiety for buyer, by setting up of a widespread and accessible charging infrastructure, make Haryana a hub for e-vehicles with ample charging stations and battery swapping stations to strengthen electric mobility ecosystem of the state
Quantum of Assistance:
1. Battery Swapping Stations:
One time subsidy of 20% of Fixed Capital Investment (FCI) up to INR 10 lakh for first 100 Battery Swapping Stations set up with FCI of more than INR 50 lakh.
2. Charging stations (FCI>INR 25 lakh): One time subsidy of 20% of the Fixed Capital Investment (FCI) maximum up to INR 5 lakh for first 200 privately owned public charging stations setup with FCI of more than INR 25 lakh.
3. Charging stations (FCI< INR 25 lakh): One time subsidy of 20% of Fixed Capital Investment (FCI) up to INR 50,000 for first 2,000 privately owned public charging stations to be established in Group Residential buildings, commercial buildings, institutional buildings, malls, metro station etc. with more than 1,000 inhabitants or that cater to more than 1,000 people per day. Such residential buildings, office buildings, malls, metro stations, or others, shall have at least 10 charging units in the designated area. The charging units shall be maintained appropriately to cater to public demand. The tariff charged for the Charging Stations and Battery swapping stations shall be special tariff for EVs as defined by Haryana Electricity Regulatory Commission (HERC).
2. Charging stations (FCI>INR 25 lakh): One time subsidy of 20% of the Fixed Capital Investment (FCI) maximum up to INR 5 lakh for first 200 privately owned public charging stations setup with FCI of more than INR 25 lakh.
3. Charging stations (FCI< INR 25 lakh): One time subsidy of 20% of Fixed Capital Investment (FCI) up to INR 50,000 for first 2,000 privately owned public charging stations to be established in Group Residential buildings, commercial buildings, institutional buildings, malls, metro station etc. with more than 1,000 inhabitants or that cater to more than 1,000 people per day. Such residential buildings, office buildings, malls, metro stations, or others, shall have at least 10 charging units in the designated area. The charging units shall be maintained appropriately to cater to public demand. The tariff charged for the Charging Stations and Battery swapping stations shall be special tariff for EVs as defined by Haryana Electricity Regulatory Commission (HERC).
Eligibility:
For avail the benefit under this scheme units must comply for the following conditions as below:
1. The policy incentives will be available for early adopter enterprises setting up new charging infrastructure for public use in general and shall have to comply with the provisions as laid down by Ministry of Power or any other nodal agency appointed for Charging Infrastructure approval/guidelines.
2. The charging infrastructure shall have verified electric connector for the purpose of charging vehicles at site.
3. The early adopters shall be units that come into operation after the launch of the policy i.e. 10.7.2022, who apply on the portal for incentives. (First applied, First served basis). The limit has been specified in the Policy and Clause 2 of the scheme.
4. The land proposed for setting up of charging station shall be in the name of the individual/entity in the form of ownership/lease.
5. There should not be any litigation pending against the land and the land shall be free from all the encumbrances/disputes.
6. Charging infrastructure can also be set up at existing Petrol Pumps, Housing and Residential Societies, Malls, Parking Spaces, Offices, Colleges and University or other Public Spaces.
7. Only equipment and machinery specifically required for EV charging / battery swapping shall be eligible.
1. The policy incentives will be available for early adopter enterprises setting up new charging infrastructure for public use in general and shall have to comply with the provisions as laid down by Ministry of Power or any other nodal agency appointed for Charging Infrastructure approval/guidelines.
2. The charging infrastructure shall have verified electric connector for the purpose of charging vehicles at site.
3. The early adopters shall be units that come into operation after the launch of the policy i.e. 10.7.2022, who apply on the portal for incentives. (First applied, First served basis). The limit has been specified in the Policy and Clause 2 of the scheme.
4. The land proposed for setting up of charging station shall be in the name of the individual/entity in the form of ownership/lease.
5. There should not be any litigation pending against the land and the land shall be free from all the encumbrances/disputes.
6. Charging infrastructure can also be set up at existing Petrol Pumps, Housing and Residential Societies, Malls, Parking Spaces, Offices, Colleges and University or other Public Spaces.
7. Only equipment and machinery specifically required for EV charging / battery swapping shall be eligible.
Commencement and Applicability:
The scheme shall commence with effect from 10.07.2022 and shall remain in operation till a period of 5 years or till the time Government decides to discontinue this scheme, whichever is earlier.
For, more information on this scheme you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and contact Number – +918683898080.
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