Estimated Reading Time: 2 minutes
The Chhattisgarh government approves the electric vehicle policy for the state. It aims to make Chhattisgarh a manufacturing hub, preserve the environment, and create jobs.
Officials stated that the provision of road tax and registration fee exemptions will encourage the use of EVs. This will provide relief for people who are struggling to pay rising fuel prices.
He said that the Cabinet meeting presided over by Chief Minister Bhupesh Baghel at his residence in here granted permission for ‘Chhattisgarh EV Policy 2022’.
“Chhattisgarh will become a manufacturing hub for electric vehicles and their accessories in the coming years. The policy will create unlimited employment opportunities for the youth. The decision will also benefit buyers and manufacturers of electric vehicles and people engaged in research and development work in the sector,” a release quoted Baghel as saying.
According to the statement, the policy seeks to create a healthy environment that will ensure a sustainable future for citizens and reduce carbon footprint. It also aims at lowering rising concerns about rapidly increasing levels of toxic gas emissions from automobiles.
It stated that the policy will encourage both commercial and noncommercial vehicle operations.
“Under the policy, the government has set a target of five years and aims to have 15 per cent of new registrations of vehicles, either under individual use or commercial use as EVs till 2027,” it said.
The state government announced a waiver of registration fees for EVs that are registered in the state during this policy period. It also stated that all EVs purchased within the first two years of the policy’s implementation will be exempted from road taxes.
The release stated that after two years there would be a 50% road tax exemption for EVs bought in the next two years. In the fifth year, there will be a 25% rebate.
The state government will provide a grant of 25% to cover the cost of machinery and plant needed for the development of EV manufacturing. According to the state government, 500-1000 acres of land will be allotted to create an EV park that would attract manufacturers.
It stated that the state government would provide a 25% capital subsidy to selected energy operators for charging equipment/machinery at the first 300 fast-charging stations in the state, up to Rs 10 lakh per station.
The state had provided SGST reimbursement to manufacturers of EVs manufactured in the state for the policy period (till 2027).
It said the government will reimburse 100% of SGST for electric bus and freight vehicle sales in the state. Also, 100% SGST will be reimbursed on the purchase of batteries by energy operators for swapping stations.
According to the release, charging stations will be installed in government buildings and private buildings.