December 12, 2024
Andhra Pradesh has unveiled its Sustainable Electric Mobility Policy (4.0) 2024-29, aiming to position the state as a global hub for electric vehicle (EV) manufacturing and adoption. The policy aligns with India’s ambitious goal of achieving carbon neutrality in the transport sector by 2047.
Key Highlights
Vision and Objectives
The policy envisions making Andhra Pradesh a leader in EV adoption while promoting sustainable manufacturing and recycling practices.
Primary Objectives:
- Accelerate EV adoption across vehicle segments.
- Electrify public transport systems.
- Develop robust charging infrastructure.
- Foster innovation and sustainable recycling.
Targets for 2029
- EV Registrations:
- 2 lakh new e-2 wheelers.
- 10,000 e-3 wheelers.
- 20,000 e-4 wheelers (BEVs).
- Public Transport Electrification:
- 100% electrification of APSRTC (Andhra Pradesh State Road Transport Corporation) fleet.
- Infrastructure Goals:
- One charging station every 30 km on green corridors.
- Development of 100 incubation centers for e-mobility startups.
Incentives to Boost EV Ecosystem
For Manufacturers
- Subsidies: Investment support of 35-45% for MSMEs and larger investments linked to turnover.
- Fee Exemptions: 100% exemption on stamp duty and land conversion fees.
- Additional Benefits: Reimbursement of power tariffs, quality certification costs, and patent fees.
For Charging Operators
- Land Subsidies: Land provided at reduced rates.
- Capital Subsidy: 25% subsidy on public charging station setups.
- Green Power: EV charging tariffs sourced from renewable energy.
For End Users
- Purchase Incentives: Up to 10% of the ex-showroom price.
- Tax Benefits: Five-year exemption on road tax for EVs.
- Scrappage Incentives: Additional perks for replacing ICE vehicles.
For Recyclers and Scrapping Facilities
- Investment subsidies and operational incentives to encourage sustainable recycling practices.
Non-Financial Measures
- E-Mobility Cities: Development of cities focused on sustainable mobility solutions.
- Green Corridors: Dedicated corridors with charging stations every 30 km.
- Building Mandates: Charging stations required in public and private buildings.
- Retrofitted EVs: Support for retrofitting ICE vehicles for public transport use.
- R&D Funding: Dedicated resources for innovation in EV technology.
Governance and Implementation
- Steering Committee: A central body will oversee policy implementation, demand creation, and reviews.
- Guidelines and Monitoring: Regular guidelines and updates for incentives, charging infrastructure, and adoption targets.
Policy Validity
The policy is valid for five years, from 2024 to 2029, or until a new policy replaces it. Amendments will not affect existing benefits, ensuring investor and stakeholder confidence.
