How Haryana’s new EV policy will make electric and hybrid cars cheaper

Haryana The state government on Monday approved the Electric Vehicle Policy 2022, under which electric vehicle buyers can take advantage of financial benefits. The policy also includes significant incentives for small, medium, and large OEMs and component manufacturers. Electric vehicle manufacturers will receive half of the goods and services tax (SGST) refund from the government over the next 10 years.
The policy also covers electric vehicle disposal with incentives up to Rs 1 crore for the establishment of a disposal facility in the state. This policy is especially beneficial for electric vehicle buyers in the form of a fixed discount. Here is a look.

haryana ev electric car policy

Save on trams in Haryana
Haryana’s EV policies are intended to promote EV adoption in the state, but these will be offered for a limited time that has yet to be specified. The policy will benefit those who seize this opportunity early.
There are several offers and discounts on electric vehicles based on the different categories they belong to. Residents in Haryana will now receive a discount of up to 15 percent. If the EV you are buying costs between Rs 15 lakh to Rs 40 lakh, you will get 15% off, up to Rs 6 lakh.

haryana ev honda city hybrid policy

Imported or complete electric vehicles are attracting high taxes and customs duties in India. Haryana State Tram Policy offers 15% discount with a maximum of Rs 10 lakh for trams priced above Rs 40 lakh and under Rs 70 lakh.

While the EV policy of the Central government and other state governments only covers all-electric vehicles, Haryana’s policy also covers hybrid vehicles. A 15 percent discount will be applied up to Rs 3 lakh for hybrid vehicles priced under Rs 40 lakh.
Haryana CM Manohar Lal Khattar has also announced that there will be a 100% reduction in motor vehicle tax when purchasing electric two and three wheelers.

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