November 27, 2022

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Govt proposed exemption of EVs registration fees & Karnataka amended EV & energy storage policy

Govt proposed exemption of EVs

Govt proposed exemption of EVs registration fees & Karnataka amended EV & energy storage policy

To encourage electric mobility in India, the Government of India, Ministry of Road Transport and Highways (MoRT&H) has issued a draft notification that proposes the exemption of battery-operated electric vehicles (BOV) from the payment of fees for the purpose of issue or renewal of Registration Certificate and assignment of the new registration mark. Let us read in detail about Govt proposed exemption of EVs in India. 

This initiative by the government has been taken to develop the adoption of electric vehicles in India. The Ministry has invited comments and suggestions from the stakeholders on the issue. In this regard, Rule 81 of the Central Motor Vehicles Rules, 1989 will be amended.

Govt proposed exemption of EVs

In a notification, it said that “Provided further that, for the Battery Operated Vehicles as defined in rule 2(u); the items given at Sl. no. 4 of the below-mentioned TABLE shall be exempted from the payment of fees for the purpose of issue or renewal of registration certificate and assignment of the new registration mark.”

Govt proposed exemption of EVs

Karnataka govt amended EV & energy storage policy

On the other hand, in an initiative to boost the adoption of electric vehicles, the Karnataka government has amended its electric vehicle and energy storage policy to attract more investments in the e-mobility sector across the state.

The state Industries Department Director R. Ramesh said in a statement “As decided at the May 27 state cabinet meeting, the Karnataka Electric Vehicle & Energy Storage policy of 2017 has been amended to give impetus to the electric mobility sector and attract more investments over the next 5 years.”

The incentives provided under the policy is less than the other states and the amendment will enable 15 per cent capital subsidy on value of fixed assets over 5 equal annual payments for 50 acres of land for EV assembly or manufacturing enterprises. These incentives will be for mega, large, ultra, super mega EV assembly or manufacturing, EV components or cell making, and battery pack or module and charging infrastructure.

A technical committee will be assigned to define and certify EV components, incentives and concessions under the policy. The order stated that the quantum of incentives sanctioned to a manufacturing unit should not exceed 100 per cent of the value of fixed assets (VFA) under the policy.

Also, read related article: Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years

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