Jharkhand Electric Vehicle Policy 2022
The Jharkhand Electric Vehicle Policy 2022 offers comprehensive financial incentives to establish the state as an EV manufacturing hub. Key benefits include a Comprehensive Project Investment Subsidy (CPIS) up to 30% of FCI (capped at Rs 30 Crore), 100% stamp duty reimbursement, 50% land lease rebate, 6% interest subvention, and 100% electricity duty exemption for captive power plants. It also provides demand-side incentives and road tax exemptions for EV buyers.
Key Summary
- Ministry / Authority
- Department of Industries, Government of Jharkhand
- Incentive Type
- Composite state package (capital/interest subsidy + exemptions + boosters + demand incentives)
- Incentive Rate
- CPIS 30% of FCI (up to Rs 30 Cr); Interest subsidy 6% (5 yrs, up to Rs 3 Cr); Stamp duty 100%; Land cost rebate 50%; Electricity duty 100% (5 yrs); Quality certification 100% (up to Rs 10 L); Patent registration 50% (up to Rs 10 L); Boosters up to 10% (+5% Anchor, +5% Early Bird, +5% SC/ST/Women/Differently-abled)
- Min. Investment
- —
- Application Deadline
- Open
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