Ladakh rolls out EV policy with subsidies to encourage buyers: Report

To encourage sustainable and eco-friendly public transport, public buses will be given a capital subsidy of 25 per cent under the policy, the spokesman said.

Electric vehicles, EV
An official spokesman said the policy entails a capital subsidy of 10 per cent on two-wheelers, three-wheelers, and four-wheelers.
Press Trust of India Leh
2 min read Last Updated : Aug 20 2022 | 5:50 PM IST

The Union Territory of Ladakh has announced a new electric vehicle policy with subsidies to encourage the citizens to procure e-vehicles in order to create a carbon-neutral future, an official spokesman said on Saturday.

Ladakh's Electric Vehicle and Allied Infrastructure Policy aims to transform the UT into a torch bearer in terms of the adoption of electric vehicles in the country and envisions to encourage and cultivate an EV ecosystem, the spokesman said.

He said the policy entails a capital subsidy of 10 per cent on two-wheelers, three-wheelers, and four-wheelers.

To encourage sustainable and eco-friendly public transport, public buses will be given a capital subsidy of 25 per cent under the policy, the spokesman said.

With a view to encouraging this shift to electric vehicles, he said the administration has offered an early bird subsidy for the first year of the policy.

During the first year, the percentage of the subsidy for each type of vehicle would be double of the normal subsidy being offered for subsequent years. In order to promote electric vehicles, the administration has decided to continue to exempt electric vehicles from road taxes, the spokesman said.

Further, to enhance the ecosystem of charging facilities, he said the administration has offered to subsidise commercial public electric vehicle charging stations for two wheelers, cars and buses.

Capital subsidy on equipment/machinery (capital subsidy of 25 per cent on the equipment /machinery or Rs 5 lakh (whichever is less) per station for the first 15 electric vehicle charging stations. The policy underlines that the electric power required by commercial EV charging stations would be charged at domestic rates, the spokesman said.

He said the policy is a major step towards making Ladakh self-sustainable, smart, integrated and carbon neutral.

The spokesman said the Regional Transport Officer, Ladakh has been made responsible to monitor the implementation, point of contact for Electric Vehicle policy, creating awareness regarding the policy as well as the operations guidelines and administering the policy.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :LadakhElectric Vehiclessubsidy

First Published: Aug 20 2022 | 5:50 PM IST

Next Story