Vision & mission
With the advent of clean technology and high-density energy storage solutions, a shift to a cleaner transportation is inevitable and Electric Vehicles are no doubt the future of mobility.
The advent of new breakthroughs and improvements in energy storage is transforming vehicular technology and energy solutions. Electric Vehicles (EVs) are a promising alternative to ICE (Internal Combustion Engine) vehicles.
Innovations in battery technology, reduction in moving parts, and zero tailpipe emissions make EVs an economically viable and sustainable mobility solution that is finding global support from Policymakers and Industry leaders alike.
Energy Storage Solutions (ESS) provide alternative to energy backup for home, enterprises & businesses, and are ideal for integrating renewable energy into the electricity grid.
- The Government of India (GOI) has launched the National Mission on “Transformative Mobility and Energy Storage” committed to develop a complete ecosystem domestically around EVs, including manufacturing of batteries and all other components to make Electric Vehicle and Energy Storage Solutions sector competitive in the near term.
- India is committed to reducing emissions up to 33-35% by 2030 from the 2005 level and has set the target of 40% non-fossil-based electricity generation in the energy mix.
- According to data compiled by IESA, the electric vehicle industry consumed over 5 GWh of batteries in 2018 in India. This number is likely to be over 36 GWh by 2025.
- During 2020-2027 period, the EV sector is estimated to consume about 250 GWh of batteries.
Vission :
KARNATAKA EV PARK, a leading manufacturers hub and exporters of eco-friendly two, three, four wheelers and contribute towards the society with absolutely zero-emission vehicles. KARNATAKA EV PARK continuously will be in the process of developing new technologies that overcome the daily challenges and meet our investors & industry needs. KARNATAKA EV PARK also aim to achieve the best in class technology and achieve investors trust to create world class eco system.
Mission :
To make the State an attractive investment destination for this sector To promote R&D and manufacturing in Electric Vehicle & Energy Storage Systems’ sector. To ensure faster adoption of Electric Vehicles & Energy Storage Systems in the State To achieve substantial reduction in total cost of transportation for personal and commercial purposes, supported by a world-class infrastructure manufacturing facility for the investors hub
Objectives
PREFERRED DESTINATION IN SOUTH INDIA
Make KARNATAKA EV PARK the preferred destination for Electric Vehicle, ESS and component manufacturing.
REDUCE THE COST OF MOBILITY
To reduce the total cost of mobility by increasing the adoption of Electric Vehicles in public transportation, 2 & 3, 4 wheelers, Light Commercial Vehicles & Shared Transportation
RENEWALBE ENERGY
Promoting a shift from dependence on fossil fuels which are mostly imported and expensive with unreliable supply during times of crisis, to reliable domestically produced renewable energy which is less expensive.
INVESTMENTS HUB
To make KARNATAKA EVE PARK a major base for EV & ESS sectors and to attract investments.
EMPLOYMENT GENERATION HUB
Create employment for 10,000 persons by year 2030 through EVs in shared mobility, charging infrastructure development and EV & ESS manufacturing activities.
BATTERY MANUFACTURING
Generate demand for battery storage solutions by driving EV adoption incentives and supply side incentives for battery manufacturing.
SELF EMPLOYMENT – EV CHARGING BUSINESS
To proactively support creation of EV charging Infrastructure in the initial phase and eventually create market for commercially viable EV Charging business.
RECYCLE HUB
Promote Recycle and Cascading of Batteries
GLOBAL HUB WITH R & D FACILITY
Develop KARNATAKA EV PARK as a global center for cutting-edge research and innovation in Electric vehicles, battery technologies and other emerging technologies such as Autonomous/Connected vehicles.
Creation of EV Park and Vendor Ecosystem
- The major investments by the EV OEMs can be attracted only if there is a dedicated infrastructure and developed vendor eco system.
- EV Park will develop exclusive major auto manufacturing hubs and also in areas which have potential to attract E V investments.
- Common facilities will be provided to the vendor industries for proto typing, testing, training, etc. in these EV parks.
- Incentives under various schemes applicable to the MSME sector and major Industries shall be extended to these industries, subject to their eligibility.
- Further, Plug and Play manufacturing facilities will be created where vendors and OEMs can commence production with minimal capital investment in land and building.
- Logistic Parks and Free Trade Warehousing created where vendors and OEMs can commence production with minimal capital investment in land and building.
Steps to Create KA EV Park Road Map
Steps to Create KA EV Park Road Map
- The policy aims to build on the policy objectives & strategies to encourage growth of EV & ESS sector in the state and to attract private sector investments in this sector.
- The framework consists of promoting EV adoption for end users, setting up of Charging Infrastructure and Promoting Manufacturing of EV & ESS Components in the KA EV PARK.
Support For Manufacturers
EV & ESS sectors shall be incentivized as per the subsidies and incentives available under the Electronics Policy.
Government shall extend tailor-made benefits to Mega and Strategic Projects on case to case basis.
Categorized Mega projects.
Capital Investment Subsidy for Mega Enterprises and medium enterprises.
SGST Reimbursement for Mega Enterprises and medium.
Power Tariff Discount for 5 years capped.
Electricity Duty Exemption
Interest Subvention
Transportation Subsidy
Stamp Duty/ Transfer Duty/ Registration Fees Reimbursements
11. Lease Rental Assistance, Assistance in Patent Filing
12. Reimbursement of Quality Certification costs
13. Cleaner Production cost reimbursement
14. Exhibition Cost Reimbursements
15. Skill Development Assistance.
16. Electronics Manufacturing Clusters (EMC) encouragement
17. Industrial Park clusters to be developed for promotion of EV & Energy Storage manufacturing companies.
18. Batteries and related components make up a substantial part of EV.
19. Manufacture and assembly of EV related batteries and cells to be encouraged in the State through Electronics Manufacturing Policy and Incentives.
20. The Government shall promote reuse of EV batteries in stationary energy storage applications.
