EESL to invest Rs. 10k crore in Andhra Pradesh for 1 lakh EVs

TusharK · 5th March 2018, 15:00

Energy Efficiency Services Limited (EESL) will be investing Rs. 10,250 crore in Andhra Pradesh for the roll out of 1 lakh electric vehicles (EV) over the next 2 years. It will provide Rs. 2,000 crore per year as operational investment to the state government.

EESL to invest Rs. 10k crore in Andhra Pradesh for 1 lakh EVs-evs.jpg

The Chief Minister of Andhra Pradesh has directed EELS to prepare a comprehensive action plan to lease and use the EVs in a phased manner. Additionally, EV and battery manufacturers, technology providers and public sector departments will meet in the third week of March to discuss on the roll out plan.

After the implementation of the project, it is estimated that the state would save Rs. 3,600 crore on leased vehicles. There would also be a significant reduction in the state's fuel expenditure to the tune of Rs. 2,160 crore and the reduction in CO2 emissions is expected to limit the loss of GDP by Rs. 500 crore. The move is also expected to create more than 1 lakh new jobs.

Andhra Pradesh is among the few states that have shown interest in purchasing EVs. The state government is set to receive new EVs, which will be produced by EESL as part of a fresh tender.

Source: ET Auto

Link to Team-BHP News

Enobarbus · 5th March 2018, 17:09

Very interesting. Andhra Pradesh gives road tax exemption to all vehicles manufactured in that state. During the unveil of the Kia plant, the CM Mr Naidu said that he wanted that to be the largest car manufacturing unit in the world! Now they want the success of environment friendly EV's as well. Looks like they are grabbing all opportunities to create jobs.

kaviprem · 5th March 2018, 19:02

Quote:

Originally Posted by Enobarbus

Andhra Pradesh gives road tax exemption to all vehicles manufactured in that state.

Wow! Does it mean the buyer doesn't pay road tax for the vehicles manufactured/assembled in AP state? If so, it would be a good saving to public, I believe.
Just imagine if we have this exemption in KA state, Fortuner & Crysta would be a lot cheaper

Enobarbus · 5th March 2018, 19:47

Yes, Kaviprem. Only Isuzu's are being manufactured in AP. When Kia starts production, there will be any more who will benefit by this. I won't be surprised if Kia beats Maruthi in AP

5th March 2018, 15:00	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,250 Thanked: 55,617 Times	EESL to invest Rs. 10k crore in Andhra Pradesh for 1 lakh EVs Energy Efficiency Services Limited (EESL) will be investing Rs. 10,250 crore in Andhra Pradesh for the roll out of 1 lakh electric vehicles (EV) over the next 2 years. It will provide Rs. 2,000 crore per year as operational investment to the state government. The Chief Minister of Andhra Pradesh has directed EELS to prepare a comprehensive action plan to lease and use the EVs in a phased manner. Additionally, EV and battery manufacturers, technology providers and public sector departments will meet in the third week of March to discuss on the roll out plan. After the implementation of the project, it is estimated that the state would save Rs. 3,600 crore on leased vehicles. There would also be a significant reduction in the state's fuel expenditure to the tune of Rs. 2,160 crore and the reduction in CO2 emissions is expected to limit the loss of GDP by Rs. 500 crore. The move is also expected to create more than 1 lakh new jobs. Andhra Pradesh is among the few states that have shown interest in purchasing EVs. The state government is set to receive new EVs, which will be produced by EESL as part of a fresh tender. Source: ET Auto Link to Team-BHP News Last edited by TusharK : 5th March 2018 at 15:01.
	(7) Thanks

5th March 2018, 17:09	#2
Enobarbus BHPian Join Date: Jan 2016 Location: Hyderabad Posts: 246 Thanked: 781 Times	Re: EESL to invest Rs. 10k crore in Andhra Pradesh for 1 lakh EVs Very interesting. Andhra Pradesh gives road tax exemption to all vehicles manufactured in that state. During the unveil of the Kia plant, the CM Mr Naidu said that he wanted that to be the largest car manufacturing unit in the world! Now they want the success of environment friendly EV's as well. Looks like they are grabbing all opportunities to create jobs.
	(4) Thanks

5th March 2018, 19:47	#4
Enobarbus BHPian Join Date: Jan 2016 Location: Hyderabad Posts: 246 Thanked: 781 Times	Yes, Kaviprem. Only Isuzu's are being manufactured in AP. When Kia starts production, there will be any more who will benefit by this. I won't be surprised if Kia beats Maruthi in AP
	() Thanks