Telangana aims to attract $4-billion investment in e-mobility sector by 2030
The state also aims to shift from imported fossil fuels to domestically produced renewable energy to become a hub for EVs and energy storage systems
New Delhi : Telangana is planning to attract $4 billion investments in the state and create employment for 120,000 persons by 2030 through electric vehicles (EVs) in shared mobility, charging infrastructure and manufacturing activities, it said in its EV policy released on Friday.
Policy Incentives
The policy incentivises EV and ESS sectors as per the subsidies and incentives available under the Electronics Policy 2016.
Incentives have been made available for the manufacturing of electric vehicles, energy storage systems and related components in Telangana through capital subsidies, SGST reimbursements, power tariff subsidies, etc.
The policy notifies 100% exemption of road tax and registration fee for the first 2lakh electric two-wheelers and first 20,000 electric three-wheelers purchased and registered within Telangana.
A retro-fitment incentive has also been provided at 15% of the retro-fitment cost capped at INR 15,000 per vehicle for the first 5,000 retrofit 3-seater auto rickshaws. The policy added that financing institutions would be encouraged to provide a hire-purchase scheme at discounted interest rates.
“The policy gives 100% exemption on road tax and registration fee for electric tractors purchased and registered in the state as per the existing rules/guidelines applicable for tractors by the Transport Department.~”
In the electric four-wheeler segment, there is a 100% exemption of road tax and registration fee for the first 5,000 units purchased and registered in the state. The first 500 buses are also given this exemption, and State Transport Units will also be encouraged to purchase electric buses.
Electric tractors have also been exempted from road tax and registration fees as per the existing rules/guidelines applicable for tractors by the State Transport Department.
Investment of more than Rs 200 crore in plant and machinery or providing employment to more than 1,000 people shall be categorised as mega project, according to the policy.
Electronics Manufacturing Clusters (EMC) and Industrial Parks are identified for promotion of EV & Energy Storage manufacturing companies. Currently EMCs exist at Raviryal and Maheshwaram, a designated industrial park at Divitapally for Energy Storage manufacturing, with additional parks are being designated.
It added that the state also aims to shift from imported fossil fuels to domestically produced renewable energy to become a hub for EVs and energy storage systems.
Regarding EV charging infrastructure, the policy framework said that the state’s nodal agency, Telangana New and Renewable Energy Development Corporation, in coordination with state discoms would ensure supply of renewable energy for charging stations and setting up of solar rooftop plants as per the net-metering policy.
The initial batch of fast charging stations would be set up in Hyderabad and other towns in a phased manner by state entities and private players. It added that the Telangana State Electricity Regulatory Commission (TSERC) would provide a special power tariff category for EV charging stations.
“Captive power plants would be encouraged under the TSERC guidelines,” according to The Telangana Electric Vehicle and Energy Storage Policy 2020-2030, which would be applicable for a period of 10 years.
The policy intends to achieve substantial reduction in total cost of transportation for personal and commercial purposes in the state and builds upon the FAME-II scheme being implemented by the Centre to promote adoption and manufacturing of EVs in the country.
The framework also aims to generate demand for battery storage solutions by providing EV adoption incentives and supply side incentives for battery manufacturing.
It added that the state would support creation of EV charging infrastructure in the initial phase and eventually create a market for commercially viable EV charging business and promote recycling and cascading of batteries.
Source : economictimes
