NEWS – Karnataka government unveiled a revised draft EV policy

ALL YOU HAVE TO KNOW

• Aim: Attract Rs 50,000 crore in investments and create one lakh jobs in the e-mobility sector over the next five years
• It was drafted during roundtable discussion on the revised E-mobility policy with representatives of various vehicle manufacturing and motor companies at the Vidhana Soudha

HIGHLIGHTS:

1. Model EV cities: Kalaburagi, Belagavi, Hubballi-Dharwad, and Mysuru + promote EV adoption
2. Setting up of EV charging stations on both sides of the road at ten major toll booths along the Bengaluru-Pune national highway (with the help of National Highway Authority of India (NHAI))
3. Creation of large EV clusters:

• At Gauribidanur in Chikkaballapur and Chikkamalligewad in Dharwad
• Land in both locations has been acquired and is available for investors
• Features in clusters: ready-to-occupy land parcels, plug and play incubation facilities, testing labs, and homologation facilities, among other services.

4. Subsidy for EV Facilities:

• Increase in the capital subsidy to 30% from the existing 15% for private operators to set up EV testing-cum-certification facilities
• Incentives to include cell components, battery recycling facilities and testing infrastructure
• 25 to 30% capital subsidy for micro enterprises and 20 to 25% subsidy for small enterprises
• Rental subsidy to include reimbursement of 30% of rent – or a maximum of Rs 5 per square feet per month – for three years, on rental properties above 10,000 square feet

5. Skill training: The Industrial Training Institute (ITI) will play a key role to reduce skill development costs by 40% and bring down training tenure by two to four months