Telangana is ready with its electric vehicle policy. After Delhi and Gujarat, Telangana will become only the third state in India to possess a comprehensive policy for electric vehicles. The EV policy was earlier gone by the Telangana cabinet in August.
According to the policy that was given a green signal by the Telangana cabinet, the state would exempt road tax and registration fees for the first batch of two lakh electric two-wheelers, 5,000 electric cars, 20,000 electric commercial vehicles and 500 electric buses.
Out of the 5,000 electric cars, half of it’ll be reserved for commercial purpose, like cabs.
Another 10,000 electric light commercial vehicles (LCVs), including tractors, will also get the benefit of the new electric vehicle policy. All-electric vehicles bought for commercial purposes will also get incentives from the govt in an attempt to promote e-mobility. However, details of such incentives are not yet clear.
The Telangana Electric Vehicle & Energy Storage Policy 2020-2030 will be applicable only to electric vehicles bought after the official announcement and registered in the state.
The EV policy aims to promote clean energy and a faster transition to e-mobility to assist the state to become a hub for electric vehicles in the future. Besides the exemptions on road tax and registration fees to EV owners, the policy also will offer incentives to OEMs to manufacture electric vehicles within the state. The EV makers are going to be given capital subsidies, state GST reimbursements, power tariff subsidies, and setting up a fast-charging network within the state during a phased manner. The state’s electricity board can also offer a special power tariff for EV charging stations.