20% subsidy for charging infrastructure likely in Karnataka

BENGALURU: The Karnataka government has proposed a subsidy of 20% or Rs 10 lakh, whichever is higher, to individuals willing to set up public charging stations for electric vehicles. An EV charging station costs Rs 30-40 lakh. An official aware of the matter said the subsidy is likely to encourage people to invest in installation of EV charging stations, a step towards building EV infrastructure that Bengaluru lacks.

“We have decided to offer a subsidy of 20% to any individual who comes forward to develop charging stations. The proposal on subsidy will be sent to the government for approval,” an officer in the state’s commerce and industries department told ET.