The Haryana Electric Vehicle Policy 2022 offers a wide array of incentives across various categories to promote electric mobility. Below are the key incentives mentioned in the policy, along with their respective quantum:
Incentives for Manufacturers:
- Capital Subsidy: Manufacturers of EVs, batteries for EVs, and charging infrastructure can benefit from capital subsidies based on their Fixed Capital Investment (FCI) in the state. The incentives vary according to the size of the industry:
- Micro Industry: 25% of FCI or INR 15 lakh, whichever is lower.
- Small Industry: 20% of FCI or INR 40 lakh, whichever is lower.
- Medium Industry: 20% of FCI or INR 50 lakh, whichever is lower.
- Large Industry: 10% of FCI or INR 10 crores, whichever is lower.
- Mega Industry: 20% of FCI or INR 20 crores, whichever is lower.
- Seed and Conversion Fund: Existing units that convert entirely into EV manufacturing or components, or EV battery manufacturing can receive one-time seed funding based on their plant and machinery’s book value during the application year, with a maximum limit of INR 2 crore.
- Net SGST Reimbursement: Manufacturers can get a reimbursement of 50% of the applicable Net SGST for a period of 10 years or up to realization of fixed capital investment, whichever is earlier. In cases where Net SGST deposit is less than 5% of FCI in a year or there’s inverted duty, investment subsidy up to 5% of FCI may be given for a period of 8 years with an annual ceiling of INR 5 crore for mega units.
- Reimbursement in Stamp Duty: Manufacturers can receive a reimbursement of 100% of stamp duty on the purchase or lease of land, buildings, etc., to be used for EV manufacturing after the commencement of commercial production.
- Power Subsidy and Incentives: Special tariffs will be provided to units manufacturing EVs, major components, batteries, and charging infrastructure. There will be a 100% exemption on electricity duty for 20 years. For units producing captive power, the exemption will be limited to power consumed for their own operation.
- Water Treatment Plant Incentives: Manufacturers can receive a reimbursement of 50% of the cost of a water treatment plant, up to INR 50 lakh, for the first 5 units in each category (Medium, Large, Mega, and Ultra-Mega units).
- Patent Fee: Financial support by reimbursement of 100% of actual expenses for domestic and international patent registrations, with a maximum of INR 25 lakh, will be provided for manufacturing units falling under the policy’s eligibility.
- Employment Generation Subsidy: Manufacturing units in B, C, and D category blocks will be eligible for an employment generation subsidy of INR 48,000 per employee per annum for 10 years for direct employment on the payroll or contract with a valid ESI/PF Number. The units must employ at least 75% Haryana domicile workforce.
Incentives for Buyers:
- Purchase Incentive: Individual buyers of Electric Vehicles in various categories will receive purchase incentives. The incentives are based on the price range of the vehicle and type (e.g., Electric Car, Hybrid Electric Car, Electric Tractor, etc.). These incentives are designed to make EVs more affordable and promote their adoption.
- Exemption in Motor Vehicle Tax: Electric vehicles will receive exemptions in motor vehicle tax, ranging from 100% exemption for electric 2-wheelers to 25% exemption for hybrid electric 4-wheelers, depending on the vehicle category.
- Vehicle Registration Fee: Discounted registration fees will be charged for all electric vehicles, hybrid electric vehicles, or hydrogen electric vehicles purchased and registered in Haryana during the policy period.
- Development of EV Charging Infrastructure:
- The government aims to ensure the availability of adequate charging infrastructure in the state. This includes provisions for charging stations in various places such as residential and commercial buildings, malls, metro stations, and green belts.
- Incentives for Privately owned Public Charging Stations/Privately owned Battery Swapping Station:
- One-time subsidies are offered for privately owned battery swapping stations and public charging stations, based on their Fixed Capital Investment (FCI).
Incentives for Service Providers and Aggregators:
Incentives such as a 100% exemption on electricity duty for 10 years, subject to a minimum load of 1 MW, and a subsidy of INR 5 per kWh of electricity consumed for the first 5 years, subject to a minimum consumption of 500 MWh per year, are provided to encourage the growth of electric vehicle service providers and aggregators.
These incentives play a pivotal role in attracting investments, fostering consumer adoption, and building a robust electric vehicle ecosystem in Haryana. The complete Haryana Electric Vehicle Policy-2022 is available on the website of the Department of Industries and commerce, Govt of Haryana.