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.
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.
