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Business EconomyPosted at: Oct 30 2020 7:51PM


Telangana EV policy misses offering direct incentives to customers: SMEV

Hyderabad, Oct 30 (UNI) SMEV (Society of Manufacturers of Electric Vehicles) Director General Sohinder Gill has said that the Telangana EV and ESS policy released on Friday, has missed offering direct incentives to customers, which are much required to motivate the citizens to adopt environmentally-friendly vehicles.
Welcoming Telangana IT and Industries Minister KT Rama Rao and Transport Minister Ajay Kumar, launched the state Electric Vehicles (EV) and Energy Storage Systems (ESS) Policy, will be effective from 2020-30 at MCRHRD Institute here.
In a statement while welcome the announcement of EV policy by the Telangana government, Mr Sohinder said while the policy offers non-fiscal incentives such as encouraging ride-hailing services, institutional adoption and government buying, extends support for the creation of charging infrastructure and setting up of manufacturing units but, it misses offering direct incentives to customers.
We believe that bringing volumes should be the priority of the policy that would automatically augment the market, he said.
We hope that the government will look into it and come up with a direct subsidy scheme, which will help in demand creation, he added.
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