Karnataka Proposes 20 Per Cent Subsidy On Installation Of EV Charging Stations: Report

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  • Setting up an EV charging station costs anywhere between ₹30 lakh to ₹40 lakh
  • Karnataka was the first Indian state to announce a dedicated EV policy in 2017

As per a report by the Economic Times, the Karnataka government has proposed a subsidy of 20 per cent or ₹10 lakh, whichever is higher, to individuals interested in setting up public EV charging stations. It also noted that setting up an EV charging station costs anywhere between ₹30 lakh to ₹40 lakh.

The report added that there has not been an official announcement in this regard yet, considering this is still a proposal. The report quoted an official as describing the subsidy as a means to encourage people to invest in installation of EV charging stations.

Aims to achieve 100 per cent electric mobility in certain vehicle segments by 2030

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An officer in the state’s commerce and industries department told the Economic times that the government has decided to offer a subsidy of 20 per cent to any individual who comes forward to develop charging stations. The proposal on subsidy will be sent to the government for approval.

Karnataka was the first Indian state to announce a dedicated EV policy in 2017. The policy aims to achieve 100 per cent electric mobility in certain vehicle segments by 2030.

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