The draft policy released earlier this month has evoked mixed responses from the stakeholders, some of whom acknowledged that a proposed increase in subsidies would be greatly beneficial. They also believe there should have been greater emphasis on incentives for consumers and component vendors.
EV Policy: The draft policy released earlier this month has evoked mixed responses from the stakeholders, some of whom acknowledged that a proposed increase in subsidies would be greatly beneficial. They also believe there should have been greater emphasis on incentives for consumers and component vendors.
Karnataka was the first in India to launch the EV policy in 2017. With approximately 2.5 lakh EVs registered and 700 charging stations, the state stands as the third highest in EV registrations nationally. It is also home to several electric vehicle makers like Ola Electric, Ather, Altigreen, and Bounce.
Updated Feb 16, 2021 | 12:36 IST Given the headstart that Karnataka, and its capital Bengaluru, has taken in the EV race compared to other Indian states, Tesla s decision to locate here should not come as much of a surprise. Tesla CEO Elon Musk. | Photo Credit: AP Key Highlights Bengaluru stands as one of the country s largest research and development hubs, already boasting R&D units of numerous automakers including Mercedes-Benz, General Motors, Continental, Bosch, Delphi, Volvo, Mahindra & Mahindra and Great Wall Motors Karnataka was the first in the country to introduce a dedicated EV policy to encourage original equipment manufacturers, component producers and energy suppliers to set up shop in the state