Haryana EV Policy: Hybrid cars, imported electric vehicles to get 15% subsidy

The Haryana state government has approved its new EV policy. The new policy comes not only comes with benefits for EV buyers but also customers who are buying hybrid cars or importing electric vehicles from abroad.

Haryana is one of the few states in India to have included hybrid vehicles in its EV policy.

The Haryana Electric Vehicle Policy 2022 was recently approved by the state government. The new policy aims to turn the state into an EV manufacturing hub and encourage the adoption of EVs, along with bolstering the required charging infrastructure.

Haryana is now one of the few states in India that offer subsidies for hybrid cars, along with electric vehicles. The state is offering a 15% subsidy, with a cap of Rs 3 lakh, for cars priced below Rs 15 lakh. In the coming times, this subsidy is expected to encourage customers to purchase electrified offerings like the Honda City eHEV, the Toyota Urban Cruiser Hyryder, and the upcoming Maruti Grand Vitara, which will debut later this year. Owing to the subsidy, for instance, the City eHEV, which costs Rs 19.53 lakh (ex-showroom), will be more affordable by Rs 2.9 lakh.

For models that cost between Rs 15 lakh and Rs 40 lakh, the state govt has announced a higher cap at Rs 6 lakh. This will benefit models like the Tata Nexon EV and the MG ZS EV. The Nexon EV’s XZ+ Lux variant's current price of Rs 17.4 lakh (ex-showroom) will come down by about Rs 2.6 lakh.

The policy also includes imported EVs, but only for a limited time. Imported EVs will also get a 15% subsidy, capped at Rs 10 lakh, if the car falls between Rs 40 lakh and Rs 70 lakh.

The new EV policy also includes some additional incentives, which will be available for six months from the announcement of the policy. These include Rs 25,000 subsidy on e-Rickshaws/carts, Rs 50,000 for electric light motor vehicles, Rs 75,000 for electric cars costing below Rs 10 lakh, and Rs 100,000 for those above Rs 10 lakh.

The new policy also benefits battery charging operators by exempting all new 'Electric Vehicle Manufacturing Units' and 'Electric Battery Units' from paying electricity duty for the first 10 years. They will be given a dedicated line, along with special discounts for night-time or non-peak time usage for testing EV batteries.

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