- The announcement is part of the state government’s mobility scheme
- Karnataka announced the state EV policy in September 2017
- Startups welcome the move as being a catalyst to drive EV movement
The Karnataka budget 2019 has proposed setting up of electric vehicles (EV) charging stations across 10 metro stations in the city, as part of the state government’s comprehensive mobility scheme.
State’s chief minister HD Kumaraswamy has allocated INR 50 Cr to the Bangalore Metropolitan Transport Corporation (BMTC) to implement the mobility scheme which aims to tackle city’s traffic woes.
Karnataka is among the first states to adopt a comprehensive electric vehicles policy in India. The state government in September 2017 announced the “Karnataka Electric Vehicle & Energy Storage Policy” which is valid for five years and aims to attract investments of INR 31,000 Cr and create employment opportunities to 55K persons both from the supply and demand side.
Among the list of measures, the policy mentions a dedicated testing track for EVs for researchers and startups to test new technologies, tax exemption on all types of EVs, incentives to encourage the manufacture of modular design lithium-ion batteries, etc.