EVs to get more affordable in Ladakh for rolling out EV policy with subsidies

EVs to get more affordable in Ladakh with a new electric vehicle policy offering great subsidies to create a carbon-neutral future. The Union Territory of Ladakh has announced a new electric vehicle policy that aims to make the UT a torch bearer in terms of adoption of electric vehicles in the country. Ladakh’s Electric Vehicle and Allied Infrastructure Policy further encourages and cultivates the EV ecosystem.

Ladakh With New EV Policy

Ladakh’s Electric Vehicle and Allied Infrastructure Policy aims to transform the UT into a torch bearer in terms of the adoption of electric vehicles in the country and envisions to encourage and cultivate an EV ecosystem, the spokesman said. He said the policy entails a capital subsidy of 10 per cent on two-wheelers, three-wheelers, and four-wheelers.

With a view to encouraging this shift to electric vehicles, he said the administration has offered an early bird subsidy for the first year of the policy. To encourage sustainable and eco-friendly public transport, public buses will be given a capital subsidy of 25 per cent under the policy, the spokesman said.

“During the first year, the subsidy percentage for each type of vehicle will be double the normal subsidy offered in subsequent years. To promote electric vehicles, the administration has decided to continue to exempt electric vehicles from road tax,” it said.

Further, to enhance the ecosystem of charging facilities, he said the administration has offered to subsidise commercial public electric vehicle charging stations for two-wheelers, cars, and buses. Capital subsidy on equipment/machinery (capital subsidy of 25 per cent on the equipment /machinery or Rs 5 lakh (whichever is less) per station for the first 15 electric vehicle charging stations. The policy underlines that the electric power required by commercial EV charging stations would be charged at domestic rates, the spokesman said.

The spokesman said the Regional Transport Officer, Ladakh has been made responsible to monitor the implementation, point of contact for Electric Vehicle policy, creating awareness regarding the policy as well as the operations guidelines and administering the policy.