Telangana’s Minister for Municipal Administration & Urban Development, Industry & Commerce, Information Technology K. T. Rama Rao (KTR) has recently released the official document of state EV policy.
Main aim of this policy is to make the State an attractive investment destination for this sector, To promote R&D and manufacturing in Electric Vehicle & Energy Storage Systems’ sector, To ensure faster adoption of Electric Vehicles & Energy Storage Systems in the State and To achieve substantial reduction in total cost of transportation for personal and commercial purposes, supported by a world-class infrastructure.
Some of the policy objectives are To reduce the total cost of mobility by increasing the adoption of Electric Vehicles in public transportation, 2 & 3 Wheelers, 4 wheelers, Light Commercial Vehicles & Shared Transportation, Promoting a shift from dependence on fossil fuels which are mostly imported and expensive with unreliable supply during times of crisis, to reliable domestically produced renewable energy which is less expensive, To make Telangana a major base for EV & ESS sectors and to attract investments worth $ 4.0 Billion and create employment for 120,000 persons by year 2030 through EVs in shared mobility, charging infrastructure development and EV & ESS manufacturing activities and Generate demand for battery storage solutions by driving EV adoption incentives and supply side incentives for battery manufacturing.
KT Rama RaoMinister for IT, MA&UD, Industries, Mines and NRI Affairs Government of Telangana stated that “With the advent of clean technology and high-density energy storage solutions, a shift to a cleaner transportation is inevitable and Electric Vehicles are no doubt the future of mobility. The State of Telangana, being a pioneer in adopting Sustainability, aims to spearhead the Electric Vehicle revolution in the country.”
“As the state drives the faster adoption of Electric Vehicles, it aspires to be not just self-sufficient, but also a global hub for Electric Vehicles’ and Energy Storage Systems’ Manufacturing. It is our vision to become the most electrified state in the country. The Telangana Electric Vehicle and Energy Storage Policy 2020-2030 is the first step in this direction. The policy also intends to achieve substantial reduction in total cost of transportation for personal and commercial purposes. The policy builds upon the FAME II scheme being implemented by Govt. of India to promote Adoption and Manufacturing of Electric Vehicles in the country.”, he added.
To know more refer to the document below: