EV Policy - Kerala

Introduction

Kerala is on a mission to preserve its environmental sensitiveness, bio diversity, texture and ensure sustainable development of its people. Other than this, various other factors driving the shift towards EV are:
1. Improving air quality of the state
2. Promoting shared mobility and clean transportation
3. Balancing of the peak and off peak power demand for KSEBL.
4. Strategic intent to boost hardware and software manufacutring in state

Demand Incentives

ROAD TAX :
1. The road tax on the electric vehicle will be exempted for initial 3 years.
2. Toll Exemption and free parking
VEHICLE REGISTRATION : Exempted for initial 3 years.

Charging station subsidy

1. DC Charger for above 100 V: capital subsidy of 25% upto a max subisdy of 1 Lakhs for first 100 charging station 2. DC Charger for below 100 V: capital subsidy of 25% upto a max subisdy of 30000 for first 300 charging station. 3. Capital subsidy of 25% of fixed investment upto a max subsidy of 10 lakhs for swapping stations for the first 50 stations 4. Charging stations at every 25 km on highways connecting major cities. 5. Existing private buildings like malls will be incentivised for establishing PCS. 6. Newly built residential and non residential buildings will be incentivised for establishing PCS.

Manufacturing subsidy and Tariff

1. Companies in Thiruvananthapuram and Ernakulam districts: Standard Investment Subsidy - 30% of Fixed Capital Investment subject to a limit of Rs. 15 lakhs. 2. Companies outside the districts of Thiruvananthapuram and Ernakulam: the applicable SIS will be 40% of Fixed Capital Investment subject to a limit of Rs. 25 lakhs.

Other subsidy, if any

1. Toll Exemption and free parking 2. 100% reimbursement of Stamp Duty and Registration Fee

Electricity Tariff

The rate during off peak hours rate : 75% of normal normal rates

Skill Development

Development of centre of excellence for EV and AV, Capacity building program for EV and AV Industry.