Telangana: KTR announces electric vehicle policy
Minister KTR unveiled the Telangana Electric Vehicle and Energy Storage Policy 2020-2030 at Telangana Electric Vehicle Summit in Hyderabad.
IT and Industries minister KT Rama Rao on Friday unveiled electric vehicle (EV) policy in Telangana, the third state having the EV policy after Gujarat and Delhi. The policy was announced by the state government on Thursday at MCRHRD Institute in Hyderabad.
According to the EV policy, the registration fees for the first batch of two lakh electric two-wheelers, 5,000 electric cars, 20,000 electric commercial vehicles and 500 electric buses has been exempted along with the road tax.
The policy also says that out of the 5,000 electric cars, half of them will be reserved for commercial purposes like cabs. A similar benefit will also be provided for the 10,000 electric light commercial vehicles (LCVs) including tractors.
All the electric vehicles which are bought for commercial purposes will get incentives from the government. However, the incentives for the vehicles are yet to be decided by the government
The cabinet approved the policy in August with the aim to promote clean energy and faster transition helping the state become a hub of electric vehicles in the future. The government also mulling to set up manufacturing units and charging points across the state.
Transport minister Puvvada Ajay, IT department principal secretary Jayesh Ranjan, TSIIC MB EV Narasimha Reddy, Yes Bank chairman Sunil Mehta were present.