Karnataka has always been a front runner for adopting to change be it IT revolution, startup revolution or now the latest one being electric vehicle revolution. The Karnataka state government, in its efforts to become the Electric Vehicle Capital Of India, has approved the state’s Electric Vehicle and Energy Storage Policy 2017. The initiative is in line with the union government’s vision to make the country an all-electric vehicle market by 2031.
Karnataka is looking to attract investments to the tune of Rs 31,000 crore from companies looking at research and development (R&D), and manufacturing of electric vehicles (EVs) in the state, at a time when the Centre is using a heavy hand to force automakers to switch to green technology.
Karnataka is the first state to roll out an Electric Vehicle and Energy Storage Policy that looks not only at boosting sales of EVs, but also setting up charging infrastructure and special manufacturing zones. As per reports, the Electric Vehicle policy of Karnataka envisions making the state a hub for the production of alternative fuel vehicles, and push the ‘Make In Karnataka’ initiative.
R V Deshpande, Karnataka’s industries minister while speaking about the development mentioned,
“The development and formation of this path breaking policy has been a combined effort of the government and key industry players through roundtables organised by Carnegie India and a series of workshops held during the last four to five months,”
He further added,
“I am sure this policy would be a game-changer in the industry and will be a model for other states. Our real work starts now, focusing on developing a ready ecosystem for a vibrant EV sector in the state,”
The state estimates that it will be able to create employment for 55,000 individuals over the next few years through the EV industry. One of the top mandates for Karnataka’s policy is to set up EV manufacturing zones along with facilities for testing that can be used even by start-ups.
Karnataka is the first state to roll out an Electric Vehicle and Energy Storage Policy that looks not only at boosting sales of EVs, but also setting up charging infra and special manufacturing zones.