Chennai, February 15, 2023: The Tamil Nadu government has released its new EV policy for the State. The new policy was released by Chief Minister M. K Stalin. The new policy is taking several steps to promote electric mobility in the state by offering incentives and financial support to EV projects, the government aims to attract more investment in the EV sector and create job opportunities. Waiving road tax, registration charges, and permit fees for EVs is likely to make EVs more affordable for consumers, and the revision of power tariff for public charging stations will encourage the development of charging infrastructure in the state. The incentives for converting commercial vehicles to EVs and the promotion of charging infrastructure in new constructions will also help in reducing air pollution and carbon emissions in the state. Overall, the new policy seems to be a positive step towards promoting sustainable transportation in Tamil Nadu.
Highlights
100 % exemption on electricity tax for a period of five years on power purchased from the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) or generated and consumed from captive sources.
EV projects to get an employment incentive in the form of the reimbursement of the employer's contribution to the EPF -- maximum Rs 48,000 per employee
Road tax, registration charges and permit fees for EV's waived
Incentive schemes for converting internal combustion engine powered commercial vehicles to EVs.
Building and construction laws to be amended to ensure that charging infrastructure is planned at the initial stages for all new constructions and apartments.
Revision of the power tariff for public charging stations and offer incentives to charging and battery swapping stations.
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