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All You Need to Know About Haryana’s New EV Policy

Under the new policy, one can receive a discount of up to INR 3 lakh on purchasing an electric vehicle

To boost the electric vehicle space in the state and the country, the Haryana state government has announced a new policy for electric vehicles. Under the new policy, an electric vehicle purchaser will receive discounts and incentives along with several other benefits.

What is the importance of this article?

Given India is running fast towards a future full of electric vehicles, people must ditch their ICE vehicles and switch to electric vehicles as soon as possible. However, as we are thoroughly aware, India is a price-sensitive market where electric vehicles carry hefty price-tags.

Therefore, people must be aware of the electric vehicle policies announced by the state governments and central government so that they can convince themselves to switch to EVs.

Purchase discounts

As per the new electric vehicle policy announced by Haryana’s government, one can receive a discount of 15 per cent up to INR 3 lakh on purchasing a hybrid car priced within the INR 40 lakh bracket. This first point makes Haryana’s EV policy unique because it is the only state to offer a discount on hybrid vehicles.

The policy also offers a discount on any electric vehicle of up to 15 per cent whereas for up to cars priced between INR 15 lakh and INR 40 lakh, a patron will receive a discount of 15 per cent up to a maximum of INR 6 lakh.

Not to forget, imported electric cars (between INR 40 and 70 lakh) with massive custom duties and taxes will receive a discount of up to INR 10 lakh.

Concessions for other EV players

Under the new policy, all the electric vehicle manufacturers operating in the state of Haryana will receive 50 per cent of their state goods and service tax reimbursed for the next 10 years. Not to forget, electric vehicle battery disposal companies will also receive incentives of up to INR one crore for setting up disposal plants in the state.

Furthermore, Manohar Lal Khattar, the Chief Minister of the state, also announced that anyone purchasing an electric two-wheeler or three-wheeler will receive a motor vehicle tax rebate of 100 per cent.

Last but not the least, note that the discounts mentioned under the second sub-head of this article are only meant for early-bird purchasers.

Rohit Chatterjee

An alumnus of the Indian Institute of Journalism and New Media, Rohit Chatterjee is a bona fide moto-enthusiast who has worked with several media houses in his brief career. Chatterjee mostly writes features and news articles related to automobiles and motorsports. When not working, he is found on the interstate clocking over 100kmph on his NS200!
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