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Tamil Nadu Powers Ahead Under New EV Policy, To Set Up Exclusive EV Park To Build Production Ecosystem
Tamil Nadu Chief Minister Edappadi K Palaniswami at Tesla’s California factory
The Tamil Nadu government has announced that it is planning to set up an exclusive park to promote electric vehicle (EV) production ecosystem in the state. This is part of its bid to attract Rs 50,000 crore investment in the EV sector, Business Standard has reported.
This EV park will be spread across 300 acres of land and will include incentives like 100 per cent GST reimbursement and 50 per cent capital subsidy.
This plan is part of the state's ambitious Electric Vehicle Policy that seeks to catapult the state as the hub of electric vehicles (EVs) and component manufacturing units including battery and charging infrastructure.
It was unveiled in September of last year.
Through this policy, Tamil Nadu, currently a major automotive manufacturing powerhouse, aims to build a comprehensive EV ecosystem for which it hopes to attract a cumulative investment of Rs 50,000 crore. Around 150,000 new jobs are expected to be created in the new ecosystem.
Under the policy, besides waiver on registration charges/fees (as per Government of India's notification), the state government will introduce 100 per cent motor vehicle tax exemption for all electric vehicles including two wheelers, cars, auto rickshaws, buses and light goods carriers – till 31 December 2022.
There will be no permit requirement for the three-wheeler goods, e-carriers as well as electric light goods carriers.
The state plans to create a robust infrastructure for electric vehicles including adequate power supply and network of charging points with favourable power tariff. It envisages setting up one charging station every 25 km on both sides of NHAI and State Highways.
The state will offer incubation services in the form of office space, common facilities and mentoring support to encourage start-ups in the EV sector.
Support will also be provided for existing automobile manufacturers to adapt to the EV manufacturing system including a one-time re-skilling allowance for the existing production line employees.
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