Haryana approves state EV policy

Haryana government has approved the state Electric Vehicle (EV) Policy 2022.

The EV policy covers various financial incentives to EV manufacturers including giving incentives on fixed capital investment (FCI), net state goods and services tax (SGST), stamp duty, employment generation, among others. The policy offers 100 percent reimbursement of stamp duty along with exemption in electricity duty for a period of 20 years. The SGST reimbursement will be 50 percent of the applicable net SGST for a period of 10 years. Under the policy, units setting up batteries disposal units will get 15 percent of FCI up to Rs 10 million. Efforts are being made to transform 100 percent of the bus fleet owned by Haryana State Transport Undertakings into electric buses or other non-fossil-fuel-based technologies by 2030. The cities of Gurugram and Faridabad will be declared as model electric mobility cities with phase-wise goals to adopt EVs.