The Ladakh EV Policy provides a capital subsidy of 10% on two-wheelers, three-wheelers and four-wheelers.
Ladakh has introduced its subsidized electric vehicle policy to encourage citizens of the union territory to purchase battery-powered vehicles to create a carbon-free future. The Ladakh EV Policy provides a capital subsidy of 10% on two-wheelers, three-wheelers and four-wheelers. Public buses will be given a capital subsidy of 25% under the policy to encourage sustainable and environmentally friendly public transport.
The union territory administration has also offered a subsidy for the first year of insurance. “During the first year, the subsidy percentage for each type of vehicle will be double the normal subsidy offered for subsequent years,” a spokesperson told PTI. In addition, the administration will continue to exempt electric vehicles from road taxes.
To improve the charging ecosystem, the Ladakh administration has proposed subsidizing commercial public charging stations for two-wheelers, cars and buses. “Capital subsidy on equipment/machinery or capital subsidy of 25 per cent on equipment/machinery or ₹5 lakh, whichever is less per station for the first 15 EV charging stations.
The Ladakh EV policy also emphasizes that electricity required by commercial EV charging stations will be charged at domestic rates. The policy is an important step towards making Ladakh self-sustaining, smart, integrated and carbon neutral, the spokesperson said.
The spokesman said that the Ladakh Regional Transport Officer has been entrusted with the responsibility of monitoring the implementation of the electric vehicle policy, communicating the policy, as well as operating instructions and administering the policy.
Date of first publication: August 21, 2022, 10:40 AM IST