EV Policy - MADHYA PRADESH
Introduction
The primary objective of the Madhya Pradesh Electric Vehicle (EV) Policy 2019 is to promote sustainable electric mobility and bring about a material improvement in Madhya Pradesh air quality by bringing down emissions from transport sector. To do so, this policy will seek to drive rapid adoption of Electric Vehicles (EVs) in a manner where they contribute to 25% of all new public transport vehicles registrations by 2026.
Demand Incentives
- Road Tax: The first 6000 electric cars or total electric cars in 5 years, whichever is less, will be charged 1% (One Percent) motor vehicle tax.
- Vehicle Registration: Vehicle registration fees will be exempted for 9000 electric cars or total electric cars in 5 years, whichever is less.
Charging station subsidy
- Medium Charging Stations: Capital Subsidy of 25% of the value of the charging equipment/machinery for first 100 stations upto a Maximum subsidy of INR 2,00,000.
- Large Charging Stations On Chargers: Capital Subsidy of 25% of the value of the charging equipment/machinery for first 100 stations upto a Maximum subsidy of INR 10,00,000
Battery recycling subsidy
EV batteries typically need to be replaced once they have degraded to operating at 70-80% of their capacities. EVs are therefore going to outlive the batteries powering them, with a vehicle requiring about two batteries in a 10-year life span. Batteries that have reached their end of life will need to be either reused or recycled. Lack of adequate reuse or recycling will have a high environmental cost. Not only do EV batteries carry a risk of giving off toxic gases if damaged during disposal, but core materials such as lithium and cobalt are finite and very expensive to extract.