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Old 4th November 2020, 17:51   #1
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Tamil Nadu grants two-year road tax exemption to electric vehicles

Tamil Nadu has become the second state in India to waive off-road tax on EVs in a bid to promote their adoption. The state government passed an order for a 100 percent exemption of motor vehicle tax for battery-operated vehicles for a two-year period – from November 1, 2020, till December 31, 2022. On October 11, Delhi became the first state to announce a waiver on road tax for battery-operated electric vehicles.

On September 16, Tamil Nadu had announced its EV policy and was the first state to do so. The state government aims to build a comprehensive EV ecosystem for which it hopes to attract a cumulative investment of Rs 50,000 crore. Around 1,50,000 new jobs are expected to be created in the new ecosystem.

Ather Energy's Chief Business Officer, Ravneet Phokela said that "With this announcement, owners of Chennai and Coimbatore will now save nearly Rs 6,900 when they purchase Ather scooters. This is a welcome move for the entire industry and will accelerate the shift to EVs.”

Current 4-Wheelers in the EV Segment include:

- Tata Nexon EV
- MG ZS EV
- Hyundai Kona EV
- Tata Tigor EV
- Mahindra KUV1OO EV (Soon to be launched)
- Mahindra eVerito(?)

Along with 2-wheelers from Okinawa, Hero Electric & Ather.

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Last edited by akash_v12 : 4th November 2020 at 17:52.
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Old 4th November 2020, 18:59   #2
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Re: Tamil Nadu grants two-year road tax exemption to electric vehicles

Tamil Nadu's domestic energy tariff is lower than some energy rich states, but on the road tax front, they are quite high.

It will be interesting to see what the taxation on EVs would be post 2 years. As it stands, I don't expect any gains for EV owners.
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Old 6th August 2023, 11:02   #3
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Re: Tamil Nadu grants two-year road tax exemption to electric vehicles

Auto giants flock to southern India as the EV era is about to kickstart, Tamil Nadu is at the top of the table in manufacturing.

Tamil Nadu grants two-year road tax exemption to electric vehicles-screenshot-20230806-105320.png

- Southern states account for around 33 percent of India's EV manufacturing and around 23 percent of sales.

- Tamil Nadu is pitching itself to be “the preferred destination for EV manufacturing in South-East Asia, as per its new EV policy.

- Tamil Nadu is the largest producer of EVs in India with about 46 percent of all the two-wheelers in India that come out of Tamil Nadu.

- Between 2020 and the first half of 2023, the total investment flow into the country's EV sector was US$ 28,820 million.

- South India attracted around 33 percent of these investments. Within South India, Tamil Nadu (15 percent) led the states and was followed by Karnataka (11 percent) and Telangana (7 percent). The southern states accounted for around 23 percent of sales oF EVs.

- Southern states stand out as they have well-defined EV policies, established manufacturing eco-systems and a strong focus on research and development

-The integration of advanced technologies, such as in-built chargers in EVs, represents one of the major factors propelling the market growth in South India.

-Tamil Nadu leads the pack because of its ready-made EV ecosystem that attracts new players and also enables existing manufacturers of fossil-fuel vehicles to transition to EV manufacturing

- Tamil Nadu has a skilled labour pool, with over 800 engineering colleges ensuring a steady stream for the workforce

- TN is equipped with a strong supply-chain ecosystem, making it easier for us to locally source components necessary for manufacturing and assembly. This, in turn, will help us in improving cost and time efficiencies.

- Governments from the southern states are going all out to attract investors in the EV space, TN has the biggest differentiator.

- The bureaucracy in Tamil Nadu is fantastic. Despite the change in the administration, the adherence to the policy is enormously strong.

- Karnataka, which was criticised for losing its home grown Ola's investment to Tamil Nadu, is now going in full swing to attract investments including Tesla. The government of Karnataka has set a target of achieving 100 percent EV adoption for all urban commuting by 2030.

- To support EV manufacturing, Tamil Nadu will further strengthen the ecosystem and address other concerns of the investors.


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Old 26th September 2023, 13:21   #4
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Re: Tamil Nadu grants two-year road tax exemption to electric vehicles

Tamil Nadu accounts for 40% of India’s million EV sales between January and September.

Quote:
as many as 10,44,600 EVs were registered country-wide of which 414,802 vehicles were sold in Tamil Nadu till September
Quote:
EV OEMs which have manufacturing facilities in Tamil Nadu are among the top industry players. While e-two-wheeler market leader Ola Electric sold 175,608 units, TVS Motor Co sold 112,949 iQube, Ather Energy 77,764 and Ampere Vehicles 41,757 units. On the electric bus, car and SUV front, the Tamil Nadu-based BYD India sold 1,725 units, PCA Automobiles India 1,533 units, Hyundai Motor India 1,023 units
Tamil Nadu has now set its sights on becoming the world’s EV capital. With an already flourishing auto manufacturing ecosystem, Tamil Nadu rolled out the EV policy.

It is to be noted that five key cities in Tamil Nadu – Chennai, Coimbatore, Tiruchirappalli, Madurai and Salem – have been identified to be developed as EV hubs. What is helping accelerate the growth of the EV industry in the southern state is the easy availability of trained workforce, a top-notch supply chain network, and a vibrant automobile and auto components manufacturing ecosystem.

The EV policy aims to further accelerate the development of an ecosystem for battery operated vehicles (BEVs) and also facilitate the manufacture of components, cell technologies, battery and charging infrastructure.


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Last edited by volkman10 : 26th September 2023 at 13:24.
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