Monetary benefits

S. No.

Beneficiary

Incentive

1.

Manufacturers of EVs, charging infrastructure and components intended for exclusive use therein

Capital subsidy

·         Capital subsidy as a percentage of Fixed Capital Investment (‘FCI’) for manufacturers of EVs and components intended for exclusive use therein.

·         Capital subsidy as a percentage of FCI to first five units set up for battery disposal, recycling and material recovery.

·         Capital subsidy as a percentage of FCI to specified number of privately owned public charging stations and battery swapping stations.

Seed funding

·         One time seed funding for existing units converting into manufacturer of EV, EV components and batteries.

Other benefits

·         Reimbursement of fifty percent net SGST paid in cash for ten years or realization of FCI, whichever is earlier in lieu of Capital subsidy.

·         Reimbursement of full stamp duty on purchase and lease of land and building.

·         Special electricity tariff and reimbursement of full electricity duty for twenty years.

·         Reimbursement of fifty percent cost of water treatment plant for first five units upto Rs. 50 lacs.

·         Reimbursement of expenses incurred in patent registration upto Rs. 25 lacs.

·         Employment generation subsidy of Rs. 48,000 (per annum & per employee) for ten years for units established in specified areas.

2.

Buyers of EVs not covered under FAME-II scheme

·         One time subsidy as a percentage of ex-showroom price to specified number of units.

·         Complete or partial exemption from Motor Vehicle Tax depending upon type of EV to specified number of units.

·         Discounted registration fee for specified number of units.

Other measures for infrastructure development

S. No.

Measure

Description

1.

Development of EV charging infrastructure

·         Department of Town and Country Planning will mandatorily include and motivate existing group residential buildings, commercial buildings, malls and metro stations etc. for making provision for charging stations.

·         Fast charging stations and battery swapping infrastructure will be provided on highways and other prominent roads within every 30 kms.

·         Government will provide incentives for open access charges to EVs charging stations with rooftop / ground mounted solar power generation facility.

2.

Human capacity building

·         In order to provide sufficient skilled employees to the manufacturers of EVs, Government Organizations, PSUs and Private Companies will be encouraged to set up Centres of Excellence.

3.

Research & Development

·         Capital subsidy as a percentage of FCI will be given to specified number of developers of new charging and EV technology.

4.

Demand creation

·         Due consideration will be given to EVs while hiring / purchasing vehicles in Government departments.

·         Gurugram and Faridabad will convert 100 percent of all commercial passenger vehicles to EVs.