Haryana approves electric vehicle policy; offers incentives to manufacturers & buyers

Manohar Lal

Haryana Cabinet under the chairmanship of Chief Minister Manohar Lal on Monday approved the Haryana Electric Vehicle (EV) Policy-2022.

The Chief Minister said, “The use of Electric Vehicles (EV) has become the need of the hour as it will only help reduce the increasing pollution levels but will also lead to a decline in the use of petroleum products.”

“The Haryana EV policy would benefit the buyers of vehicles as well as the manufacturers and people doing research and development,” he added.

Discount for Buyers

To strengthen the use of EV vehicles, the State Government will give a discount of 15 per cent or of Rs 6 lakh on an electric car priced between Rs 15 lakh and Rs 40 lakh. Similarly, a 15 per cent price discount or a discount of Rs 3 lakh will be given on the purchase of a hybrid electric car costing between Rs 15 lakh and Rs 40 lakh.

Moreover, a 15 per cent price discount or a discount of Rs 10 lakh will be given on the purchase of an electric car that costs between Rs 40 lakh and Rs 70 lakh.
The Chief Minister further informed that a 100 per cent rebate in motor vehicle tax would be given on the purchase of electric two-wheeler and three-wheeler.

Exemption for EV manufacturers

Electric vehicle manufacturers will also be given exemption as per the policy. “An exemption of 50 per cent on State GST for 10 years will be given to the manufacturers. Also, there will be 100 per cent exemption in stamp duty, apart from 100 per cent exemption on electricity duty for 20 years,” he said.

The State Government will also focus on strengthening exemption infrastructure to promote and encourage the use of electric vehicles. “Charging stations will be installed at government and private buildings. Private group residential buildings, commercial buildings, malls, institutes and metro stations will also get charging stations,” he added.

Moreover, the educational and research institutes conducting research on new electric charging technology will also be given 50 per cent cost of their project.

Start-up & Data Centre Policies

The Haryana Government also approved the Start-up & Data Centre policies.

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“The Start-up policy will encourage entrepreneurship and foster new employment opportunities. Today, Haryana ranks third when it comes to start-ups across the country. Out of 60,000 new start-up companies, 5000 companies are in the state. Under the policy, several attractive discounts will be offered,” said Lal.

The new Data Centre Policy has been rolled out with the objective to attract new investment in the state.

The Chief Minister said that in today’s technology-driven era, keeping the data safe is the biggest task. “Data Centre Policy has been prepared for setting up of data centres in Haryana. Companies will be given many exemptions in stamp duty, electricity duty and state GST in this regard. It is estimated that the policy will attract new investment worth several thousand crores in the state,” he added.