Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Tamil Nadu's New EV Policy Seeks Full Road Tax Exemption for Electric Vehicles Until 2022

According to the Tamil Nadu Electric Vehicle Policy, all EVs, two, three and four-wheelers, buses and light commercial vehicles, will be given 100 per cent Motor Vehicle Tax exemption till the end of 2022.

PTI

Updated:September 17, 2019, 10:25 AM IST
facebookTwitterskypewhatsapp
Tamil Nadu's New EV Policy Seeks Full Road Tax Exemption for Electric Vehicles Until 2022
Image used for representational purpose. (Photo: Reuters)

Seeking to promote electric vehicles (EVs), the Tamil Nadu government has announced its policy for the sector offering a slew of sops, including investment subsidy and waiver of various taxes and duties. Chief Minister K Palaniswami released the Tamil Nadu Electric Vehicle Policy 2019 which offered a number of incentives for the manufacturers to boost the eco-friendly vehicles. "The Tamil Nadu Electric Vehicle Policy 2019 has been prepared to promote manufacturing of electric vehicles with a view to safeguard the environment and reduce air pollution," an official release here said.

According to the policy, all EVs, two, three and four-wheelers, buses and light commercial vehicles, will be given 100 per cent Motor Vehicle Tax exemption till the end of the year 2022, it said. Manufacturers of battery and charging infrastructure investing Rs 50 crore and employing a minimum of 50 people will be given special concessions including 15 per cent and 20 per cent capital subsidy for manufacturing EVs and batteries, respectively. This will apply for investments made till the year 2025, the release said. Subsidy on land cost for industrial parks, waiver of stamp duty on the purchase of land is among the initiatives proposed.

Assuring policy support for charging infrastructure in public places, the government will create such facilities through the state-run power utility TANGEDCO by itself or through a public-private partnership, the release said. It was also proposed to allocate required funds to state-run transport units for the procurement of electric buses, besides going in for open permit system for three-wheeler EVs. Construction rules in cities will be amended to ensure new building plans incorporate charging points for EVs, it said adding government will promote start-ups in the sector.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Chhavianshika Singh
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results