TN's New EV Policy 2023 Key Highlights

 According to the policy which released last week "Tamil Nadu has signed memorandum of understandings with companies committing investments of nearly Rs 24,000 crore and employment potential of 48,000 jobs in the EV value chain"

The key highlight of the policy is that the government would encourage adoption of electric vehicles in the state by extending the 100 per cent road tax exemption till December 31, 2025 for the EV battery operated vehicles . It also includes waiving of registration charges and permit fees.

Further based on the battery capacity and the vehicle type, Tamil Nadu government will also offer incentives for commercial vehicles ranging between Rs 5,000 to Rs 10 lakh.

As per the new EV policy, the Tamil Nadu government will also revise the power tariff for public charging stations and offer incentives to charging and battery swapping stations.

The state government would develop industry-academia linkages to create a skilled workforce pool for EVs besides promoting Chennai, Coimbatore, Tiruchirappalli, Madurai, Salem, Tirunelveli as pilot cities for implementing 'e-mobility solutions'.

#jobs #employment #electricvehicles #investments

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