Scheme Name: Electric Vehicle Policy 2018 -23

State: Andhra Pradesh

Description of the Scheme: Government with a view to make Andhra Pradesh one of the major hubs for electric mobility, hereby introduces ?Electric Mobility Policy 2018-23? after extensive consultations with stakeholders, Industrial Associations and Industrial experts. This Policy aims to support every aspect of Electric Mobility and accelerating adoption of Electric Vehicles that eventually lead to healthier climate. The detailed policy document is appended at Annexure-I.

Target group : Micro, Small & Medium Enterprises

Sector of the Scheme: Multiple Sectors

Eligibility Criteria: Micro, Small & Medium Enterprises

Nature & Mode of Assistance:

• 25% of Fixed Capital Investment (FCI)) up to a maximum of INR 15 lakhs for Micro industries.
• 20% of Fixed Capital Investment (FCI) up to a maximum of INR 40 lakhs for Small and INR 50 lakhs for Medium Industries.
• 10% of Fixed Capital Investment (FCI) up to a maximum of INR 10 Crores for first two units, under Large industries, in each segment of Electric Vehicle (2 wheelers, 3 wheelers, 4 wheelers, buses), battery and charging equipment, hydrogen storage and fuelling equipment manufacturing. For specific clean production measures, as certified by APPCB, 35% subsidy on cost of plant & machinery for MSMEs up to a maximum of INR 35 lakhs

"Financial Information (Subsidy, low interest rate, etc.)": Subsidy

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)": Not Availaible

How to apply: Not Availaible

Whom to Contact: https://www.apindustries.gov.in/incentives/#