NEW CLEAN MOBILITY POLICY

Published on: February 13, 2025

NEWS – Karnataka government unveiled a Clean Mobility Policy at the Global Investors Meet.

HIGHLIGHTS

Aims to create 1 lakh jobs and attract ₹50,000 crore in investments by 2030.
Vision: Position Karnataka as the premier destination for clean mobility vehicle manufacturing.

Key Objectives

Make Karnataka Asia’s top destination for clean mobility technology and EV production.
Establish a robust EV charging and hydrogen station infrastructure.
Provide incentives and concessions for setting up EV plants and clean mobility clusters.

Policy Benefits & Incentives

Incentives for EV manufacturers, battery producers, and component suppliers.
MSME benefits:
- Capital subsidies
- Exemption from stamp duties & registration charges
- Reimbursement of land conversion fees
- Electricity tariff exemptions
EV Clusters earmarked in Chikkaballapur, Dharwad, and Ramanagara.
Encouraging last-mile connectivity:
- Support for e-rickshaws & EV auto-rickshaws in collaboration with BMRCL, KRIDE, BMTC, KSRTC.
- Retrofitting incentives for existing two-wheelers, three-wheelers, and four-wheelers.

EV & CLEAN ENERGY INVESTMENTS IN KARNATAKA

Hero Future Energies – ₹20,000 Crore E-Methanol Plant

First-of-its-kind plant in Harihar (Davangere) to convert industrial smoke into e-methanol.
Collaboration with Grasim Industries to capture emissions for green fuel production.

Other Major Investments

Epsilon Group – ₹15,350 Crore: EV battery testing & advanced materials facility.
Lam Research – ₹10,000 Crore: Semiconductor manufacturing investment.
Japan-based firms – ₹7,500 Crore: Investments across automobile, automation, and advanced technology sectors.
TVS Motor – ₹2,000 Crore: Expansion in Mysuru & new Global Capability Centre.
Nirani Sugars – ₹2,000 Crore: Polylactic acid manufacturing in Bagalkot, creating 600–800 jobs.

Existing EV Growth in Karnataka

Announcement