EV Push Picks Up Pace In West Bengal, Incentives Under Consideration

EV Push Picks Up Pace In West Bengal, Incentives Under Consideration

SUMMARY

The matter was discussed in a meeting chaired by Chief Secretary Rajiva Sinha

West Bengal Also plans to introduce 500 electric buses under FAME

India has the potential to become the largest EV market, WEF report

As the West Bengal government is all set to launch a series of steps to combat air pollution, it is also considering to provide incentives for electric vehicles (EV). The matter was discussed at a meeting chaired by Chief Secretary Rajiva Sinha on October 18.

In the meeting, the Trinamool Congress (TMC)-led government discussed a series of decisions, which were in line with the National Green Tribunal (NGT) directives. The government has decided to phase out all 15-year-old commercial vehicles by making their registration number invalid. The government has also stopped issuing a Pollution-Under-Control (PUC) certificate and Certificate of Fitness (CF) to such vehicles.

The state government has also decided to set up enforcement authorities to check hoarding of fireworks that do not comply with noise and air pollution rules.

Development In West Bengal’s EV Infrastructure So Far

In August 2019, West Bengal government announced at ‘10th Energy Conclave’ organised by the Confederation of Indian Industry (CII), its plans to introduce 500 electric buses under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) policy of the central government. Moreover, the West Bengal Urban Development Ministry was also planning to introduce a policy for EV charging stations.

Just last month, the West Bengal State Electricity Distribution Company (WBSEDCL) announced that it had forwarded a proposal to the ministry of power regarding setting up of 241 EV charging stations in the state.

The proposal stated that around 116 of the proposed charging stations would be set up in state and national highways at a distance of around 25 Km each. The project is expected to cost around INR 125 Cr.

The electricity distribution department is also conducting research to zero down on locations to set up the charging infrastructure.

India To Become The Largest EV Market

In September, the World Economic Forum, in collaboration with Ola Electric Institute, published a report “EV-Ready India- Part 1: Value Chain Analysis of State EV Policies” analysing the EV policies and programmes of 10 state and union territories (UT) of India.

After the analysis, the report pointed out that India has the potential to become the largest EV market in the world.

The Central government is also trying really hard to push EV in India through policies, incentives and tax relaxation. During the introduction of this year’s union budget, Nirmala Sitharaman announced that the GST on EVs has been cut down from 18% to 5%.

The government had also announced an INR 10K Cr for three-year FAME phase 2 for promoting electrification of shared transport, manufacturing of EV batteries and development of charging infrastructure.

Moreover, the central government is reportedly planning to spend around INR 40K Cr on benefits and subsidies, including loans, tax breaks, rebates and assorted benefits, between 2020-21 to 2029-30.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

EV Push Picks Up Pace In West Bengal, Incentives Under Consideration-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

EV Push Picks Up Pace In West Bengal, Incentives Under Consideration-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

EV Push Picks Up Pace In West Bengal, Incentives Under Consideration-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

EV Push Picks Up Pace In West Bengal, Incentives Under Consideration-Inc42 Media
EV Push Picks Up Pace In West Bengal, Incentives Under Consideration-Inc42 Media
You’re in Good company