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Telangana To Launch Electric Vehicle Policy Today

Telangana To Launch Electric Vehicle Policy Today

As the Central government targets 30% electric vehicle mobility by 2030, the States have left no stone unturned to ensure maximum support to achieve this target. In lieu of this, the Telangana government will unveil an exclusive policy today (June 29) for promoting electric vehicles in the state.

“There will be several incentives for vehicle manufacturers, and also sops for setting up charging stations and other infrastructure. The policy has been prepared in consultations with the industry players and most of those expectations have been included in the policy,” the official said.

Telangana Industries and IT Minister K T Rama Rao will be unveiling the EV Policy today and will be joined by Mahindra & Mahindra managing director, Pawan Goenka and other industry leaders.

In October 2017, when the state shared its draft policy, Jayesh Ranjan, the state’s IT and Industries Secretary had revealed that the electric vehicle policy has three components — for manufacturers, support for users who want to shift to electric vehicles from a regular vehicle and about infrastructure.

A section of the policy will also focus on electrifying public transport, including buses, taxis and autorickshaws.

Earlier, it was also reported that the Hyderabad Metro Rail will be creating EV charging facilities at all the metro stations. Out of the total 64 metro stations, 24 have already been commissioned for developing the infrastructure for the same.

States Burgeoning Electric Vehicle Policy Initiatives

After Karnataka, Telangana was the second Indian state to consider instituting a policy for electrically-powered cars.

Let’s take a look at what different state governments have stacked up for promoting electric vehicles:

According to Society of Manufacturers of the Electric Vehicles, EV market in India was about 25,000 units at the end of 2016-17, with 92% being two-wheelers. The share of electric cars and four-wheelers was less than 8% of the total sales. According to the study, over 4,330 EVs were sold in Gujarat, 2,846 in West Bengal, 2,467 in Uttar Pradesh and 2,388 in Rajasthan during the fiscal year.

As the Centre and State work towards ensuring electric vehicle mobility in the country, the revolution in the automobile industry is expected to be huge.

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