Tamil Nadu's new EV policy offers incentives for manufacturers, users

State offers subsidies and tax breaks, will declare six cities as EV cities

Tamil Nadu will encourage electric vehicles (EV) by offering incentives to manufacturers, customers and charging-infrastructure providers, announcing a new policy after seeing investment interest of around Rs 24,000 crore in the last five years.

Incentives for manufacturers under the Tamil Nadu Electric Vehicles Policy 2023 include 100 per cent reimbursement on state goods and services tax (SGST), investment- or turnover-based subsidy, and advanced chemistry cell subsidy. The state for five years will fully exempt tax on electricity purchased from its discom, exempt stamp duty and subsidise land cost. In the last five years, the state has seen EV projects with