TN unveils new electric-vehicle policy; targets ₹50,000-cr investment

Tamil Nadu Chief Minister Edappadi K Palaniswami on Monday unveiled the State’s electric-vehicle policy, which has set out a vision to attract ₹50,000 crore in investments and create 1.5 lakh new jobs.

While the ‘Tamil Nadu Electric Vehicle Policy 2019’ aims to create a comprehensive EV ecosystem in the State, it has also chalked out a strategy to make Tamil Nadu the preferred destination for EVs and component manufacturing units, including battery and charging infrastructure. The support measures announced in the EV policy include 100 per cent road tax exemption for all types of EVs, capital subsidies, reimbursement of State GST, subsidy on land cost and special incentives for job-creating EV projects.