Insta
Buy An EV, Get Your Road Tax And Registration Refunded; Andhra Pradesh Clears New EV Policy
A BMW i8 being charged (Sonu Mehta/Hindustan Times via Getty Images)
Following Karnataka and Maharashtra, Andhra Pradesh has become the third state to clear an electric vehicle (EV) policy, reports The Economic Times. The southern state aims to attract investments worth Rs 30,000 crore over the next five years through fiscal incentives to manufacturers of cars, batteries, charging infrastructure as well sops to consumers.
The EV policy was approved by the cabinet earlier this week and offers complete reimbursement of road tax and registration fee on EVs till 2024.
The policy aims to put at least 10 lakh EVs on the roads of Andhra Pradesh over the next five years with heavy discounts and tax rebates. Four cities will sport electric buses in place of diesel buses by 2024 and the entire state will make the switch by 2030.
A 10 per cent capital subsidy would be offered to the first two manufacturers to set up shop in the state along with reimbursements for stamp duty, land and state Goods and Services Tax (GST). Discounts will also be offered in power and electricity supply.
Also Read:
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
