Policy Measures
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 KARNATAKA
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
- Lease Rental Assistance, Assistance in Patent Filing
- Reimbursement of Quality Certification costs
- Cleaner Production cost reimbursement
- Exhibition Cost Reimbursements
- Skill Development Assistance.
- Electronics Manufacturing Clusters (EMC) encouragement
- Industrial Park clusters to be developed for promotion of EV & Energy Storage manufacturing companies.
- Batteries and related components make up a substantial part of EV.
- Manufacture and assembly of EV related batteries and cells to be encouraged in the State through Electronics Manufacturing Policy and Incentives.
- The Government shall promote reuse of EV batteries in stationary energy storage applications.
- The government shall enable collaborating between cell/ battery manufacturers, EV manufacturers, energy storage operators & recyclers to ensure efficient reuse & recycling of batteries.
- Urban Mining of rare materials and cell/ battery recycling shall be incentivized on par with EV & ancillary manufacturing.
Preferential Market Access
The policy of G O I on preferential market access in Government procurement for domestically manufactured electronics products shall be implemented in all Government of Karnataka departments.
Special preference to be given to KARNATAKA EV PARK manufacturers.