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Haryana approves EV policy 2022.

The Haryana EV policy announces various incentives for EV buyers and manufacturers.

The government of Haryana announced the approval of the Haryana EV Policy 2022 and declared 2022 as the “Year of the Electric Vehicles” in Haryana.

The EV Policy aims to protect the environment, reduce carbon footprint, make Haryana an EV manufacturing hub, ensure skill development in the EV field, encourage uptake of EV vehicles, provide EV charging infrastructure, and encourage R&D in EV technology.

The new policy provides incentives to both buyers and manufacturers.

It will provide benefits to early adopters of EVs in Haryana.
Haryana residents will get a 15% discount of up to ₹ 10 lakhs on purchasing a new EV.
For an electric car between ₹ 15-40 lakh, a maximum incentive of ₹ 6 lakh will be given. The maximum incentive for an electric car between ₹ 40-70 lakh is ₹ 10 lakh.
A discount of ₹ 3 lakh will be given for hybrid cars priced between ₹ 15-40 lakh.

  • Incentive Price of Electric Car
  • 15%(Maximum ₹ 6 lakh)- ₹ 15-40 lakh
  • 15%(Maximum ₹ 10 lakh)- ₹ 40-70 lakh
  • 15%(Maximum ₹ 3 lakh)- ₹ 15-40 lakh (Hybrid vehicles)

The benefits for EV manufacturers are as follows:

  • There is 100% Stamp duty reimbursement and exemption in Electricity Duty for 20 years.
  • The SGST reimbursement shall be 50% of the applicable Net SGST for 10 years.
  • Companies manufacturing electric vehicles, components of an electric vehicle, EV battery, charging infrastructure, etc. shall be incentivized with capital subsidy.
  • Mega industry shall get capital subsidy at 20% of FCI or INR 20 Crore, whichever is lower; large industry will get a subsidy of 10% of FCI up to INR 10 crores, for Medium Industry 20% of FCI up to INR 50 lakh, for Small Industry 20% of FCI up to INR 40 lakh and for Micro Industry 25% of FCI up to INR 15 lakh.
  • Under this policy, units setting up batteries disposal units will get 15% of FCI up to INR 1.00 crore.
  • The policy provides one-time support to facilitate the conversion of existing manufacturers units completely into EV manufacturing of 25% of book value up to INR 2 Crore for Micro, Small, Medium, and Large units.

The policy encourages R&D in Educational or research institutes if they set up R&D centers. In addition, the policy will promote Research & Development in the field of EVs by granting 50% of the project cost up to INR 1 crore for developing new electric charging technology and up to INR 5 crore for developing new electric vehicle technology.

Institutes conducting dedicated research on non-fossil-fuel-based mobility solutions will be provided with INR 5 crore grant. One-time subsidy of INR 25 Lakh shall be extended to the first 20 colleges/ITIs/polytechnics for setting up infrastructure related to R&D of EV.

Apart from this Govt. organizations/ PSU/ private companies shall be encouraged to set up Centre of Excellence (CoE) that shall be incentivized with a 50% grant of the project cost up to INR 5 crore.

The government aims to convert 100% of the bus fleet owned by Haryana State Transport Undertakings into electric buses, Fuel Cell Vehicles, or other non-fossil-fuel-based technologies by 2030.

The cities of Gurugram & Faridabad will be declared model Electric Mobility cities with phase-wise goals to adopt Electric Vehicles and charging infrastructure to achieve 100% e-mobility.

Also Read: Three Ola S1 Pro users achieve 300 + km range on a single charge.

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