Karnataka proposes to offer 20 per cent subsidy on installation of EV charging stations
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An official aware of the matter said the subsidy is likely to encourage people to invest in installation of EV charging stations, a step towards building the EV infrastructure that state capital Bengaluru lacks
BENGALURU : The Karnataka government has proposed a subsidy of 20% or Rs 10 lakh, whichever is higher, to individuals willing to set up public charging stations for electric vehicles. An EV charging station costs between Rs 30 lakh and Rs 40 lakh.
An official aware of the matter said the subsidy is likely to encourage people to invest in installation of EV charging stations, a step towards building the EV infrastructure that state capital Bengaluru lacks.
“We have decided to offer a subsidy of 20% to any individual who comes forward to develop charging stations. The proposal on subsidy will be sent to the government for approval,” an officer in the state’s commerce and industries department told ET.
Source : economictimes
