Electric Andhra Pradesh By 2024 – Key Details Of New Electric Mobility Policy

The Andhra Pradesh government has announced its new electric mobility policy.

The new policy will attract a whopping Rs 30,000 crore worth Investments and create over 60,000 jobs.

Electric Andhra Pradesh By 2024 – Details Of New Electric Mobility Policy Electric Andhra Pradesh By 2024 – Key Details Of New Electric Mobility Policy Electric Andhra Pradesh By 2024 – Key Details Of New Electric Mobility Policy electric andhra pradesh by 2024 key details of new electric mobility policy
Electric Andhra Pradesh By 2024 – Details Of New Electric Mobility Policy

The Andhra Pradesh state government on Wednesday (6th of Feb) at the Andhra Pradesh Energy Innovation Summit – 2019 has announced its new electric mobility policy.

The primary aim of new electric mobility policy is to attract a whopping Rs 30,000 crore worth investments and to create over 60,000 jobs.

Here’s a list of few more targets incorporated in new electric mobility policy.  

  • To turn Andhra Pradesh’ capital Amaravati into an electric-only city.
  • To have 10 lakh electric vehicles across all vehicle sections in the state, including private and public transport vehicles by 2024.
  • To convert Andhra Pradesh State Road Transport Corporation (APSRTC) into electric, which is over 11,000 buses.
  • To convert all government vehicles, including under Government Corporation, boards, and government ambulances into electric by 2024.
  • To install 1 lakh Electric Vehicle charging stations by 2024.
  • The government of Andhra Pradesh has already approved a Research & Development (R&D) grant worth Rs 500 crore for Electric Vehicles (EVs).

Electric Andhra Pradesh By 2024 – Key Details Of New Electric Mobility Policy Electric Andhra Pradesh By 2024 – Key Details Of New Electric Mobility Policy 1549613491 57 electric andhra pradesh by 2024 key details of new electric mobility policy

The government will also offer a 25% capital subsidy of the value of the charging station equipment and machinery.

The government will further offer 25% subsidy up to Rs 10 crore, on fixed capital investment for the very first 10 hydrogen generation and fuelling plants.

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