2 lakh e-vehicles to get tax sops in Telangana

INSUBCONTINENT EXCLUSIVE:
HYDERABAD, OCT
30 : The government on Friday launched the Electric Vehicle and Energy Storage Policy, offering several incentives for manufactures and
customers who patronise electric vehicles.Industries minister K.T
Rama Rao and transport minister Puvvada Ajay unveiled the policy at Telangana Electric Vehicle Summit here with an aim to attract four
fee to the first set of two lakh EV two-wheelers, 20,000 three wheelers, 5,000 commercial four-wheeler passenger vehicles, 5,000
four-wheeler private vehicles, and 500 electric buses, purchased and registered in the state
and also for electric tractors as per the existing rules.The policy provides retro-fitment incentive at 15 per cent of the cost to a maximum
Regulatory Commission will provide a special tariff category for EV charging stations.TSREDCO, the state nodal agency, will establish public
charging stations directly or under the licensee, franchise or PPP model at airports, railway/metro stations, parking lots, bus depots,
markets, petrol stations, malls - electric poles
Residential townships with over 1,000 families will be encouraged to develop charging stations lots.The policy stipulates setting up
charging or battery swapping stations every 50 km within the state boundaries on the highways to cities like Bengaluru, Mumbai and Chennai,
points for two-wheelers at Metro Rail and bus stations
Night-time community parking with a charging facility in PPP mode is to be set up for e-autos, shared taxis and public transport vehicles
government will provide incentives to the EV and ESS sectors as per the Electronics Policy 2016.For the mega and strategic projects, the
government will extend tailor-made benefits on a case to case basis
An investment of more than `200 crore in plant and machinery or employing more than 1,000 persons shall be categorised as a mega project and