Andhra Pradesh became the first state in the country to announce an extensive electric vehicle policy to curb pollution. CM N Chandrababu Naidu at recently concluded Energy Innovation Summit 2019 announced to put 10 lakh electric vehicles on the road in the next 5 years.
State government’s new EV policy is expected to attract an investment of Rs 30000 Crore and the government has announced a state grant of Rs 500 Crore for EV R&D.
The government also plans to set up 1 lakh slow and fast EV charging stations by 2024.
The state government is also hoping to put 1 million electric vehicles on the roads of Amaravati by 2024.
Andhra Government is aiming to convert the entire fleet of State Road Transport Corporation (APSRTC) into electric vehicles.
All government vehicles will also be converted to electric vehicles by 2024.
Low Speed Electric Vehicle Market to Reach USD 7.62 Bn, Globally: AMR
Infineon Named “Partner of the Year” by Hyundai for Cooperation in E-Mobility
VW’s Electrify America Adds Tesla Battery Storage to its New Charging Stations