Tatsat Chronicle Magazine

Ladakh Rolls Out EV Policy To Encourage Buyers With Subsidies

August 22, 2022
EV_Charging infrastructure

The Union Territory of Ladakh has announced a new electric vehicle policy with subsidies to encourage citizens to get electric vehicles to create a zero-carbon future, a government spokesman said.

The spokesman said that Ladakh’s Electric Vehicle and Allied Infrastructure Policy aims to transform the UT into a pioneer in the adoption of electric vehicles in the country and aims to foster and cultivate an ecosystem of electric vehicles.

He said the policy provides for a 10% capital subsidy on two-wheelers, three-wheelers and four-wheelers.

“To encourage sustainable and eco-friendly public transport, public buses will be given a capital subsidy of 25 per cent under the policy,” the spokesman said.

To encourage this switch to electric vehicles, the administration will provide an early bird subsidy during the first year of the policy, he said.

“During the first year, the percentage of the subsidy for each type of vehicle would be double of the normal subsidy being offered for subsequent years. In order to promote electric vehicles, the administration has decided to continue to exempt electric vehicles from road taxes,” the spokesman said.

Further, to enhance the ecosystem of charging facilities, he said the administration has offered to subsidise commercial public electric vehicle charging stations for two-wheelers, cars and buses.

“Capital subsidy on equipment/machinery (capital subsidy of 25 per cent on the equipment /machinery or Rs 5 lakh (whichever is less) per station for the first 15 electric vehicle charging stations. The policy underlines that the electric power required by commercial EV charging stations would be charged at domestic rates,” the spokesman said.

He said the policy is a big step in making Ladakh self-sufficient, smart, integrated and carbon neutral.