Andhra Pradesh plans sops to pull in Rs 30,000 crore investment in electric-vehicles industry

EV Charger

Andhra Pradesh is planning to attract Rs 30,000 crore of investments in the electric-vehicles industry through a raft of incentives that would include capital subsidies to automakers and charging-equipment manufacturers.

This move will help India achieve its stated goal of drastically limiting the use of fossil fuels for its surface-transportation needs.

In an interview, the state’s secretary for industries and commerce, Solomon Arokiaraj, said,

Fast government approvals make it (Andhra Pradesh) ideal for manufacturing. Andhra (Pradesh) aims to emerge as a hub for the electric mobility ecosystem in the country. Besides capital subsidies, Andhra Pradesh proposes to offer concessional land and power, complete state GST reimbursements, and special incentives for battery manufacturing to draw investments in the electric-vehicle space.

The state plans to invite tenders for procuring electric vehicles through the state-run Energy Efficiency Services Ltd (EESL). Tata MotorsBSE 1.41 % and Mahindra & Mahindra have emerged as winners for an EESL tender seeking 10,000 e-vehicles for four central government departments.

Andhra Pradesh will also provide capital subsidy and SGST exemptions for charging infrastructure installations. Land will be made available at concessional rates to charging stations and battery swapping kiosks. Bus terminals, bus stops, government offices and public parkings will compulsorily have charging stations and swapping stations.

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

About Energy Log Staff

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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