Haryana ev policy is one of the most generous policies for EV buyers in India. For the purpose of increasing the state’s EV market share, the new Haryana EV Policy-2022 was adopted last year. The Haryana ev policy aims to replace all types of government vehicles with EVs by 2024, among other objectives. The state government is offering incentives for both hybrid and pure electric vehicles in order to meet its objectives (HEVs).
For HEVs costing between 15 and 40 lakh rupees, the state is providing a subsidy of 15% of the ex-showroom price, up to 3 lakh under the Haryana ev policy. The incentive is 15% of the ex-showroom price, up to a maximum of 5 lakh, for hybrid electric vehicles with a price range of 40 to 70 lakh. The state offers a 15% subsidy of up to 6 lakh for electric cars priced between 15 lakh and 40 lakh, making the Haryana ev policy even more enticing for full-electric vehicles. Even the most expensive imported EVs are eligible for 15% subsidies, up to 10 lakh, for electric vehicles priced between 40 and 70 lakh.
The Haryana ev policy offers a subsidy of 50% of the ex-showroom price for electric tractors, up to a maximum of 5 lakh, and a 10% incentive of the ex-showroom price, up to a maximum of 10 lakh, for electric buses.
Additionally, the state is offering exemptions from the motor vehicle tax of 100% for electric 2- and 3-wheelers, 75% for electric 4-wheelers and buses, and 25% for hybrid electric 4-wheelers under the Haryana ev policy.
Additionally, the FAME India II Scheme, with a budget of 10,000 crore, has been introduced by the Government of India to encourage the demand for Electric Vehicles (EVs) by offering upfront subsidies and developing EV charging infrastructure. There has also been a 1000 crore allocation made under FAME II for the installation of EV charging stations.
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