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Fri, Jul 20, 2018 | Last Updated 10:08 am IST

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Electric Vehicle industry soon to be established in AP

Electric Vehicle industry soon to be established in AP
Electric Vehicle industry soon to be established in AP
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

New Delhi sources have reported that Andhra Pradesh is seeking to attract Rs 30,000 crore of investments in the electric vehicles industry through a raft of incentives that would include capital subsidies to automakers and charging equipment manufacturers, helping India achieve its stated goal of drastically limiting the use of fossil fuels for its surface transportation needs.




Moreover Andhra Pradesh aims to emerge as a hub for the electric mobility ecosystem in the country and besides capital subsidies, Andhra Pradesh proposes to offer concessional land and power, complete state GST reimbursements, and special incentives for battery manufacturing to draw investments in the electric-vehicle space.

Electric Vehicle industry soon to be established in AP

Furthermore Japan wants to collaborate with the Andhra Pradesh government to make an electric-vehicles city in the state that’s home to Isuzu, Kia Motors and Hero Motocorp factories.





Electric Vehicle industry soon to be established in AP
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