New Haryana EV Policy Offers up to Rs 7 Lakh Subsidy on Electric Cars Like Nexon EV Max, MG ZS EV

The policy also offers 15 per cent subsidy on hybrid cars, as well as electric two and three-wheelers.

Haryana is the latest Indian state to come up with a new Electric Vehicle (EV) policy in the country. The Haryana Electric Vehicle Policy 2022, as it is called, aims to boost EV adoption in the state across all formats of vehicles. For this, it offers a range of incentives and subsidies on EVs, including pure battery-electric cars, hybrid cars as well as electric two and three wheelers.

The new policy approved by the Haryana state government deems 2022 as the ‘Year of the Electric Vehicles.’ With this, the state also plans to increase EV manufacturing in the region, and is hence, offering incentives to EV manufacturers and buyers alike. Some benefits for battery charging and swapping operators have also been listed under the Haryana Electric Vehicle Policy 2022.

The policy mentions multiple objectives with these subsidies and incentives. First, it wishes to propel clean mobility in the state, thus helping the environment in the region to be cleaner. Simultaneously, it wishes to establish wide-scale EV manufacturing by attracting industry players, which would further generate employment opportunities in the state.

So, what are the incentives that the Haryana state government offers under the new policy? To start with, let us have a look at the benefits that buyers of new electric vehicles can avail of under the Haryana Electric Vehicle Policy 2022.

Haryana EV Policy 2022: Benefits for EV buyers

Thanks to the new policy in Haryana, EV buyers in the state will now be able to avail 15 per cent subsidy on all sorts of electric vehicles. The bifurcation for the same goes something like this:

– 15 per cent subsidy on hybrid vehicles that cost up to Rs 40 lakh, with an upper cap of Rs 3 lakh on the subsidy.
– 15 per cent subsidy on pure EVs priced between Rs 15 lakh and 40 lakh, with an upper cap of Rs 6 lakh on the subsidy.
– 15 per cent subsidy on pure EVs that are imported to India and cost between Rs 40 lakh and Rs 70 lakh. The subsidy will have an upper cap of Rs 10 lakh. This subsidy will be valid for a limited period only.
– 15 per cent subsidy on electric two and three-wheelers. Buyers of these vehicles will also get a full rebate in motor vehicle tax and a lowered cost of registration.

In addition, there are added benefits for these vehicles under the scheme, valid till the next six months.

– Rs 25,000 off on the cost of e-Rickshaw and carts.
– Rs 50,000 off on electric light motor vehicles.
– Rs 75,000 off on electric cars below Rs 10 lakh.
– Rs 1,00,000 off on electric cars above Rs 10 lakh.

Haryana EV Policy 2022: EVs that benefit

The new EV policy for the state of Haryana is one of the very few that offers a discount on hybrid vehicles as well as pure electric vehicles. For the hybrid ones, cars like the Honda City eHEV, Toyota Urban Cruiser Hyryder, MG Hector Plus and the upcoming Maruti Grand Vitara will see a massive discount on their prices.

Similarly, pure electric cars like the Tata Nexon EV, Nexon EV Max, MG ZS EV, Hyundai Kona and others will see a 15 per cent off, plus the Rs 1 lakh subsidy under the Haryana EV policy. Buyers of electric two and three-wheelers will be able to calculate their savings based on the 15 per cent subsidy, plus Rs 25,000/ Rs 50,000 subsidy, plus the waive-off on the registration cost and motor vehicle tax.

A report by Autocar Professional cites a source overseeing the implementation of the EV policy to state that all these subsidies and incentives will be “directly credited into the account” of the EV buyers.

As mentioned above, there are other benefits under the policy which will be shared with the battery charging operators and EV manufacturers. For both, the policy waives off electricity duty for the first 10 years of operations. EV charging units will also be given a dedicated line, which will have discounted electricity rates for EV charging.

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