It also aims to phase out all fossil fuel based commercial fleets and logistics vehicles in all cities in the state by 2030
Following the suit of several other states, Assam too has now released its new Electric Vehicle Policy. The policy aims to achieve 25 per cent penetration of EVs in all vehicle registrations by 2026.
This comes as the Central government ramps up efforts to promote the switch from petrol-based vehicles to greener ones such as electric vehicles.
As per the policy target, the Assam state will support the deployment of the first 2 lakh EVs either under commercial use or individual use during the duration of 5 years. Targets have been set at 100,000 units for two wheelers, 75,000 units for three wheelers, and 25,000 units for four wheelers.
The policy also aims to convert 100 percent of public transport bus fleet to electric buses by 2030. Additonally, all government vehicles will be converted to electric by 2030 while only purchase of EVs will be allowed after 2025.
It also aims to phase out all fossil fuel based commercial fleets and logistics vehicles in all cities in the state by 2030.
Demand Incentives have been been declared as part of the policy which will be over and above the incentives provided by the central government schemes. The max amount of subsidy will not exceed 40 percent of ex-factory price of the EV.
No road tax and no registration charges will be levied for EVs for 5 years, in addition to 100 percent waiver on parking charges for electric vehicles for 5 years.
Moreover, the policy will be also incetnivize setting up of EV charging infrastructure.
Commercial public EV charging stations will be eligible for 25 percent capital subsidy on equipment/machinery subject to maximum limit of Rs. 10 lakhs per station. This incentive will be provided to the first 500 commercial public EV charging stations.
Petrol Pumps will be allowed to set up charging stations and the state government shall exempt 90 percent electricity duty of EV charging stations during the policy period.
Units manufacturing EV or their components will be eligible for 20 percent incentive on cost of plant and machinery for MSMEs while it is capped at 10 percent of cost of plant and machinery up for Large Units
Furthermore, a nodal agency will be appointed to act as an aggregator to purchase EV batteries that are at least 70 percent of rated capacity. These batteries will be purchased from the charging points and battery swapping stations and will then be re-used as ‘power banks’ to store renewable energy.