UP to offer 25% Return on Land for Setting up EV Charging Points

“Twenty-five percent rebate will be given on the circle or market rate of land, which is less for setting up charging units,” Singh said the state was expecting Rs 40,000 crore investment and employment generation for 50,000 people in the electric vehicle industry

August 07, 2019. By News Bureau

The Uttar Pradesh government has announced its resolution to give a discount of 25 percent on the market rate of land for instituting charging units for electric vehicles (EV). The state cabinet chaired by Chief Minister Yogi Adityanath has cleared a policy in this regard.

“Three points are taken in the policy. First, more and more electric vehicles are made in the state. Second, preparing a network of charging stations and third, create a demand of these vehicles,” UP government’s health minister and spokesperson Sidharth Nath Singh stated.

“Twenty-five percent rebate will be given on the circle or market rate of land, which is less for setting up charging units,” Singh said the state was expecting Rs 40,000 crore investment and employment generation for 50,000 people in the electric vehicle industry.

“In the first phase, it is planned to run 10,000 electric buses and old ones will be phased out. By 2024, 70 percent of commercial vehicles will be electric and 2 lakh charging stations will be set up,” he further.

Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
 
Next events

 

Last interview
 
 
Privacy Policy (PDF) / Terms and conditions (PDF)
 Energetica India is a publication from Editorial Omnimedia. No reproduction in whole or part of content posted on this website.