To improve the overall air quality the Assam government has come up with a draft electric vehicle policy by accelerating the pace of adoption of electric mobility.
It is reported that the committee consisting of an eight-member state will oversee the implementation of the policy.
As part of the ‘Electric Vehicle Policy of Assam, 2021’, the government will create infrastructure for electric vehicles, including a network of charging points, nurture a skilled workforce for the sector, and make Assam the preferred destination for electric vehicle and component manufacturing by investing in cutting edge technologies.
The policy further mentions incentives for ownership, manufacturing, and subsidies. There are exemptions and reimbursements for registration charges and road tax for all EVs till 2026. There is also a retro-fitment incentive of 15 percent up to Rs 15,000 for auto rickshaws.
According to the draft and as part of the policy, EV charging companies will be eligible for a 25 percent capital subsidy on equipment subject to a maximum limit of Rs 10 lakh per station. The state government will exempt 100 percent electricity duty of EV charging stations and offer state-specific incentives for manufacturing EVs or EV components, in addition to the 30 percent capital investment subsidy available under North East Industrial Development Scheme (NEIDS) 2017 or any subsequent policy from the Centre.
Electric vehicles (EVs) are fast becoming the future of automobiles. There are many advantages of getting electric as it will more effectively protect you from the rising fuel prices. These green vehicles are also better for the environment. However, manufacturing of EVs and their components in some reports show that this could increase the country’s GDP by 25 percent over the coming years.