SME Times News Bureau | 14 Sep, 2017
Karnataka would soon have a new policy with incentives for making and using electric vehicles in a bid to reduce air pollution in cities and towns across the state, state Law and Parliamentary Affairs Minister T.B. Jayachandra said on Wednesday.
"The state cabinet has approved a new policy with incentives to encourage manufacturing and greater use of electric vehicles to check air pollution," he told reporters here.
The policy will envisage environment-friendly transport system, especially in Bengaluru, which is choked with a whopping seven million two and four-wheelers that run on fossil fuels.
"Electric vehicle manufacturers will be given concessions to set up their production units near Bengaluru where the market is ripe for eco-friendly transport system," said Jayachandra.
Citizens will also be offered incentives and exemptions to ensure more switch over to pollution-free electric vehicles as the future is to use green energy.
The policy will allow manufacturers like Mahindra to expand their installed capacity to ramp up production and speed up deliveries.
The policy will also have incentives for energy storage capacity of batteries for longer life and usage to drive the electric vehicles.
