20 Aug 2022: On Saturday, Ladakh announced subsidies for electric vehicles to encourage buyers (Ladakh EV Policy 2022). This Union Territory has subsidies for electric vehicle to promote their purchase among users. This announcement aims to have a carbon-free future.
Allied infrastructure policy and Ladakh’s Electric Vehicle strive to become a torch bearer when it comes to electric vehicle adoption in the country. As per this policy, the users can now avail 10% subsidy on 2-wheelers, 3-wheelers, and 4-wheelers. Also, to encourage carbon-free public transport, they have announced a subsidy of 35%.
Buyers can avail of the highest subsidy in the first year of this policy. Such a step will encourage buyers to switch to electric vehicles. In the first year, the subsidy percentage will double the subsidy offered in the following years. As per the administration, electric vehicles will also get an exemption in taxes.
Further to promote electric vehicles, the administration has decided to provide subsidies in commercial and public charging points for electric vehicles. This offer is available for two-wheelers, buses, and cars.
Capital subsidy on machinery or equipment will be 25% or 5 lakh, whatever is less for the first 15 charging stations. Also, the spokesman said that the charges at EV charging stations will be applicable as per domestic rates.
This policy aims to make Ladakh a smart, self-sustainable, integrated, and carbon-free territory.
As per the spokesperson, the Regional Transport Officer, Ladakh, will keep an eye on the implementation and policy of electric vehicles. He will be responsible for creating awareness about policy and its operational guidelines.
About Electric Vehicles
Electric Vehicles are low-cost running vehicles that are completely environmentally friendly and use little or no petrol or diesel. While some EVs use lead or nickel metal batteries, modern batteries are made up of lithium. As such, batteries are more durable and can efficiently retain energy with a self-discharge rate of only 5% per month.
Compared to the internal combustion engine, these vehicles have 99% fewer moving parts, thus requiring less maintenance and making less noise.
These EVs can be charged overnight at home, and the government is taking the initiative to charge these vehicles on the road to promote longer journeys. Usually, a battery takes 3 hours to get charged. But the charging time entirely depends on the charging station speed and battery size.
Currently, distance is the major concern for electric vehicles, but this will be surely addressed by the addition of charging infrastructure, being done by companies like NIKOL EV.
Also Read: Delhi EV Policy | Proposed Ambitious Plan to Switch to Electric Vehicles
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