EV Policy - Karnataka
Introduction
Karnataka aims to utilise its exisitng ecosystem of technical manpower and manufiacturing to make its transition towards new mobility solutions. With this policy the state aims at becoming the Electrical Vehicle Captial of India and making it a preferred investment destination for manufacturers.
Charging station subsidy
Capital Subsidy of 25% on the charging equipments/machinery subject to maximum of Rs. 5,00,000 per station.
Manufacturing subsidy
EV Manufacturing enterprise will be elligible for incentives:
- Micro, small and medium enterprise.
- Large, Mega, Ultra Mega and Super Mega enterprise.
Enterprises are subjected to following incentives:
- Exemption from Stamp Duty.
- Reimbursement on land conversion fee.
- Subsidy for setting up ETP - effluent treatment plant.
- Concessional Registration Charges.
- Interest Free Loan for Large, Mega, Ultra mEga and Super Mega Enterprise. Seperate incentive structure for EV Cell Manufacturing and Battery Manufacturing companies.
Electricity Tariff
100% exemption of duty/tax on electricity tariff for the initial period of five years.
Skill development
An EV skill development centre will be set up in collaboration with the industry for up-skilling the workforce to augment the manpower required for the EV industry which will implement the following: Introduce curricula and courses suited to the EV industry in professional institutes, polytechnics as well as vocational education institutions. A short term course on electric mobility. To encourage in-plant training provided by the EV manufacturers in the state by offering a stipend up to 50% of the cost of training subject to a limit of Rs.10,000/- per month per trainee. This incentive shall be available for maximum of 50 trainees per company. The benefit shall be available for 1,000 candidates per annum.