Abstract:

The Union Territory of Ladakh has taken a major step towards making the UT self-sustainable, SMART, integrated and carbon neutral. Under this initiative, the administration has come up with electric vehicle policy “Ladakh’s Electric Vehicle and Allied Infrastructure Policy 2022” which will encourage the transporter and individuals avail subsidy to create a carbon-neutral future for the UT. The policy aims to transform Ladakh into a torch bearer in terms of adoption of electric vehicles in the country and envisions to encourage and cultivate an EV ecosystem. With this policy the administration will encourage the citizens to procure and use e-vehicles in order to create a carbon-neutral future for the UT. The policy will help reduce dependence on fossil fuel-powered vehicles, which was high due to the tourism and required transport services. The policy entails a capital subsidy of 10 percent on two-wheelers, three-wheelers, and four-wheelers. To encourage sustainable and eco-friendly public transport, public buses will be given a capital subsidy of 25 percent under the policy.