Abstract:

The state cabinet of Uttarakhand has approved a policy to promote the adoption of electric vehicles in the state, while also incentivizing those who want to thrust into EV manufacturing. The policy is aimed at making Uttarakhand a preferred destination for investment in EV manufacturing capacity. The policy seeks to create employment opportunities on both the supply and demand sides of the market; create an environment that is conducive to shifting from internal combustion engines to EVs; encourage the use of hybrid EVs in Uttarakhand, and develop human capital and augment power capacity to meet the needs of the EV industry.

The policy outlines special incentives and concessions to attract investments in EV manufacturing capacity, EV battery manufacturing and assembling capacity, and the development of charging and swapping infrastructure for EVs in the state. Even hybrid vehicle manufacturers will be able to avail these incentives proposed by the state government.