Last Updated: November 2020 by Narasimhan Santhanam
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t is a part of EV Next’s EV Perspectives.
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Introduction
Karnataka was one of the first states to adopt an EV policy based on the idea of making Bangalore the “ Electric Vehicle Capital of India”. Enacted in September 2017, the policy would be scheduled for updates every 5 years.
Objective of Policy
- To maintain the lead share of Karnataka as a preferred destination for attracting investments in manufacture of electric vehicle
- To attract investment of Rs. 31,000 crores and create employment opportunity to 55,000 persons both from supply and demand side
- To create a conductive environment for transition to electric vehicle environment from ICE
- To provide opportunities for developing R & D in electric mobility
Policy Measures
- Special Incentives for EV Manufacturing
- EV manufacturing park
- Make industrial land available, preferably in cluster so that EV manufacturing zone can be created
- Migrating to EV Environment
- EV in transport and Non Transport vehicles
- EV in Private transport
- For short distance, auto rickshaws and two wheelers will be encouraged
- EV in Public Transport
- EV in Goods transport
- Facilitating EV Battery and Charging Equipment Manufacturing
- Karnataka Udyoga mitra will facilitate, speed – truck and enable a combined online application in order to get the clearances from environment, Labour and other departments
- Supporting for Charging Infrastructure
- Government of Karnataka will encourage private players to set up automotive research association of India /BIS
- A Special Purpose Vehicle (SPV) involving BBMP, BMTC, BESCOM, KREDL, KIADDB and other related agencies will be mooted for creation of charging infrastructure in Bangalore
- Support for Research and Development
- Startup incubation centre will be set up to facilitate developments in EV mobility
- A venture capital fund will be set up for research in EV mobility
- Support for Skill Development
- A short term course on electric mobility
- Incentives and Concessions
- Validity of the Policy
- The Karnataka Electric Vehicle & Energy Storage Policy and package of Incentives and concessions shall come into effect from the date of approval / issue of Government order and will be valid for a period of five years (from 2017-2022) or till a new policy is announced
Incentives & Concessions
- Incentives and concession to EV & its components manufacturing enterprises
- Micro, small & Medium Enterprises
- Exemption from Stamp duty
- Concessional Registration Charges
- Reimbursement of land conversion Fee
- Subsidy for setting up Effluent Treatment Plant
- Exemption from tax on Electricity Tariff
- Incentives and concessions to large, mega, ultra mega and super mega enterprises
- Exemption from stamp Duty
- Concessional Registration Charges
- Reimbursement of land conversion Fee
- Subsidy for setting up ETPs
- Interest free loan on NET SGST to large, Mega, ultra mega and super mega Enterprises
- Incentives and concessions to EV battery manufacturing / assembly enterprises investment promotion subsidy
- Exemption from stamp duty for all EV cell manufacturing, EV battery pack / module manufacturing & assembly enterprises
- Concessional registration charges for all EV cell manufacturing EV battery pack/module manufacturing & assembly enterprises
- Reimbursement of land conversion fee for all EV cell manufacturing, EV battery pack/ module manufacturing & assembly enterprises
- Exemption from electricity duty for EV cell manufacturing, EV battery pack / module manufacturing & assembly enterprises
- Interest free loan on NET SGST to large, mega ultra-mega and super mega – all EV cell manufacturing EV battery pack / module manufacturing & assembly enterprises
- Incentives and concessions to EV charging / swapping infrastructure equipment manufacturing enterprises
- Incentives and concessions to EV in non-transport and transport vehicle service providers for EV mobility
Read EV Next posts on electric vehicle policies for these states: Andhra Pradesh|Delhi|Kerala|Tamil Nadu|Maharashtra|Telangana|Uttar Pradesh|Uttrakhand|
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See also the blog posts:
- Highlights of Kerala EV Policy (2017-2018) – Incentives, Subsidies, Exemptions of Electric Vehicle Policy
- Highlights of Maharashtra EV Policy (2018) – Incentives, Subsidies, Exemptions of Electric Vehicle Policy
- Highlights of Uttar Pradesh EV Policy 2018 – Incentives, Subsidies, Exemptions of UP Electric Vehicle Policy
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