June 23, 2024

  • Daily Motion

Andhra Pradesh To Have 10 lakh EVs BY 2024

Andhra Pradesh

Electric Vehicles (EV) influencing many in terms of maintaining an eco-friendly environment by zero emission. Electric vehicles are popular for their quiet, speed, eco-friendly etc features which are pushing the government to take necessary steps for the development of mobility in the Andhra Pradesh.

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Andhra Pradesh EV Electric Mobility Policy

The Government of Andhra Pradesh has announced its new electric mobility policy in the Andhra Pradesh Energy Innovation Summit 2019. The Policies states that it will invest combined Rs. 30,000 crore and about 60,000 jobs. The government has approved an R&D grant of ₹ 500 crores for EVs.

Internal Combustion Engine (ICE) New Cars Registrations Will Be Stopped

The major step taken by the State is to make its capital Amaravati into an electric-only city. The new car registrations with an internal combustion engine (ICE) will be stopped but it has not yet confirmed the dates from when it will implement.

Andhra Pradesh Aims To Have 10 lakh EVs BY 2024

As per the policy, the Andhra Pradesh government sets a goal of 10 lakh electric vehicles in the state by 2024 which includes private and public transport vehicles. The Ap Chief Minister, Nara Chandrababu Naidu said that there will be a conversion of an entire fleet of Andhra Pradesh State Road Transport Corporation (APSRTC) into electric. At current, there are about 11,000 buses in APSRTC. Into the electrifying process the government vehicles, Government Corporation, boards, and government ambulances will also be converted to electric vehicles by 2024.

Government Aims 1 Lakh Slow and Fast EV Charging Stations By 2024

As government aims there will be also installation of 1 lakh slow and fast EV charging stations by 2024.

Mahindra Electric CEO, Mahesh Babu Says

Mahesh Babu, the CEO, Mahindra Electric who was present in the summit, said, “Industry needs a clear direction and MSME will invest only if there is a clear is a clear policy. Green number plates for electric vehicles, no permits for three-wheelers are a good move, we just need to implement the national and state EV policy it in action and I’m sure Andhra will have 1 million EVs in by 2024.”

He further added, “Public transport and fleet operators need to shift to EVs before personal buyers get into it. Three-wheelers moving to electric will benefit both riders and users. It is economically viable for giving more savings and benefitting environment with zero-emissions.”

MD EESL, Saurabh Kumar says

Saurabh Kumar, MD EESL commented, “It’s all about driving demand. The US gives capital subsidies for EVs. Even in China, there are huge capital subsidies. EESL thinks India doesn’t need any capital charge. Cost of running an EV has an inherent economic benefit.”

Government Provide 25% Subsidy OF value of Charging Station Equipment, Machinery

The policy also included the financial incentives for private charging stations and hydrogen generation and & refueling infrastructure. The government will provide a 25% subsidy of the value of the charging station equipment and machinery. The subsidy will be of Rs.10 lakh for 100V and above chargers, for the first 100 stations and ₹ 30,000 for charges that are less than 100V, for the first 300 charging stations.

Government Providing Incentives Up To Rs 10 Lakh For First 50 Battery Swapping Stations

There are also other incentives provided by the government is up to Rs 10 lakh for the first 50 battery swapping stations, and 100 percent reimbursement of state GST on the purchase of fast chargers and advanced batteries for EV battery swapping.

Government Offering Subsidy Rs 10 crore Subsidy On First 10 Hydrogen Generation And Fuelling Plants

The government will also be offering 25 per subsidy up to ₹ 10 crores,  on fixed capital investment for the first 10 hydrogen generation and fuelling plants.



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