Tamil Nadu state EV policy could introduce early adopter benefits

The Tamil Nadu government is drafting a new electric vehicle policy for the state. As per the reports, early investors are set to get an extra advantage if they set up their units in the southern state

In a first of its kind move, the policy may offer manufacturers an option to choose from GST refunds, capital subsidies, payroll-based incentives, additional capital subsidy, and a lower investment slab.

Waiver of road tax for a 5-year period is also planned for buyers of electric passenger vehicles.

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