The Chhattisgarh government on Thursday approved its electric vehicle (EV) policy, which aims to develop the state as a manufacturing hub, protect the environment and create job opportunities. The policy in which exemptions from road tax and registration fees are provided will also encourage the use of electric vehicles, thereby providing relief to people bearing the brunt of rising fuel prices, an official said.
The nod to Chhattisgarh EV Policy 2022 was given during a cabinet meeting chaired by Chief Minister Bhupesh Baghel at his official residence here, he said.
“Chhattisgarh will become a manufacturing hub of electric vehicles and their accessories in the coming years. The policy will create unlimited job opportunities for the youths. The decision will also benefit buyers and manufacturers of electric vehicles and committed individuals. in research and development in the sector,” Baghel said in a statement.
The policy aims to ensure a healthy environment for a sustainable future for citizens, reduce the carbon footprint and minimize the causes of growing concerns related to rapidly increasing toxic gas emissions from vehicles, etc., the statement said. .
Both commercial and non-commercial vehicle operations will be encouraged under the policy, he said.
“As part of this policy, the government has set a five-year target and aims to have 15% new vehicle registrations, either for personal use or for commercial use as electric vehicles by 2027” , did he declare.
The state government announced a waiver of registration fees on the sale of electric vehicles registered in the state during the insurance period. In addition, there will be full exemption from road tax on all electric vehicles purchased during the first two years from the start date of this policy, it was said.
After two years, there will be a 50% exemption from road tax on electric vehicles purchased over the next two years, while in the fifth year there will be a 25% discount, the statement said.
To expand the manufacturing of electric vehicles, the state government will provide a subsidy of 25% of the cost of facilities and machinery. It will allocate 500 to 1,000 acres of land to develop a fleet of electric vehicles to attract manufacturers, he said.
“The state government will provide a capital grant of 25% to selected energy operators to charge the equipment/machinery of the first 300 fast charging stations commissioned in the state up to a maximum of Rs. 10 lakh per station,” he said.
The state has provisioned SGST reimbursement for in-state electric vehicle manufacturers during the insurance period (through 2027), he said.
The government will also provide a full SGST refund to energy operators for the purchase of batteries for use in switch/exchange stations, while 100% of the SGST will be refunded on the sale of electric buses and transport vehicles. of electrical goods sold and registered in the state, he said. .
Charging stations will be built in government and private buildings, according to the statement.