Up to Rs 10 lakh off on electric car
Under this policy, buyers of electric vehicles or hybrid electric vehicles in Haryana will get benefit transfer (subsidy) of up to Rs 10 lakh. Rebate in registration fee and reduced rates of motor vehicle tax are also being offered.
To boost research and development of EV technology in the state, Haryana government is also giving 50 per cent (up to Rs.1 crore) of the project cost for development of new charging technologies. Along with this, it has been said to provide assistance of up to Rs 5 crore for developing new EVs in R&D centres.
Institutions doing research on non-fossil-fuel based mobility will also be eligible for a grant of Rs 5 crore. The first 20 colleges and institutes in the field of industrial training and polytechnics will also get a one-time subsidy of Rs 25 lakh.
E-vehicle makers will also get incentive
Haryana government will provide various financial incentives to EV manufacturers under the Electric Vehicle Policy by providing incentives on Fixed Capital Investment (FCI), SGST, Stamp Duty, employment generation etc. Under the EV policy, 100 per cent reimbursement of stamp duty will be done by the government along with exemption of electricity duty for a period of 20 years.
SGST reimbursement will be up to 50% for a period of 10 years. Companies manufacturing electric vehicles, electric vehicle parts, EV batteries, charging infrastructure etc. will be given incentives along with capital subsidy.
How much subsidy will e-vehicle makers get?
The mega industry will get a capital subsidy of 20 per cent of the Fixed Capital Investment (FCI) or Rs 20 crore, whichever is less. A subsidy of Rs 10 crore or 10 per cent will be given to large industries on capital investment. At the same time, the medium industry will be given a subsidy of 20 percent of FCI or up to Rs 50 lakh.
Small scale industries will get a subsidy of 20 percent or up to Rs 40 lakh of capital investment and Rs 15 lakh or 25 percent for micro industry. Under this policy, units setting up battery disposal units will be given a subsidy of 15 percent for an investment of Rs 1 crore. The policy provides for employment generation subsidy of Rs 48,000 per employee per year for 10 years to local residents of Haryana in lieu of employment with EV companies.
The Haryana government has set a target to convert 100 per cent of buses owned by state transport undertakings to electric buses or fuel cell vehicles or other non-fossil fuel based vehicles by 2030. Gurugram and Faridabad will be declared as Model Electric Mobility (EM) cities with phase-wise targets for adoption of Electric Vehicles (EVs).