17 Sept 2019, India
To encourage the manufacture and use of electric vehicle in Tamil Nadu, the state government yesterday (17th Sept’19) released the Tamil Nadu Electric Vehicle police 2019. The policy extends sops to EV manufactures through GST refund and other benefits, which will help create a manufacturing base for electric vehicles in Tamil Nadu. While Tamil Nadu has production base of traditional automotive and location advantage for exporting vehicle, this may further add on to the existing vehicle manufacturing in the state.
In addition tot he reimbursement of GST and 100 percent road tax exemption, capital subsidies and special incentives for job creating project has been announced in this policy. It is expected to generate over 150 thousand jobs through an investment of over INR 500 billion.