Uttar Pradesh government has created a roadmap for promoting the development of EV vehicle manufacturing capacity in the state, called the Draft Uttar Pradesh Electric Vehicles (EVs) Manufacturing Policy 2018.
In the draft policy document, the Government of Uttar Pradesh outlines special incentives and concessions to attract investments in EV manufacturing capacity, EV battery manufacturing and assembling capacity, and the development of charging and swapping infrastructure for EVs in the state in line with the state’s Industrial Investment and Employment Promotion Policy (IIEP), 2017.
Under the proposed EV Manufacturing Policy, if at any stage a situation arises which calls for an amendment to or supersession of the policy, only the cabinet would be authorized to approve such amendments or supersession.
The state government plans to make industrial land available for the development of EV charging infrastructure and EV manufacturing capacity in clusters and zones.
To promote the development of private EV parks,
- the state government also plans to provide an interest subsidy in the form of the reimbursement of up to 50 percent of the annual interest on loans taken to buy land;
- an interest subsidy in the form of the reimbursement of up to 60 percent of the annual interest for seven years on loans taken for building supporting infrastructure at private EV parks;
- and an interest subsidy in the form of the reimbursement of up to 60 percent of the annual interest for seven years on loans taken to build hostel or dormitory-style housing for workers.
- state government will also provide a 100 percent road tax exemption for EVs purchased in Uttar Pradesh.
- will also provide a 30 percent subsidy on the road price of EVs in the form of a reimbursement.
Service units which set up charging stations using a capital investment that is greater than ₹2.5 million but less than ₹50 million will be provided with a capital interest subsidy of 5 percent per annum for five years. Meanwhile, all defined service units would be eligible for a 100 percent exemption from paying the electricity duty for 10 years.
In the recent past, Karnataka and Maharashtra also launched their own EV policies that provide various subsidies and incentives to consumers.