30,000 crore investment in electric-vehicles: Andhra Pradesh is planning to attract Rs 30,000 crore of investments in the electric-vehicles industry through a raft of incentives that would include capital subsidies to automakers and charging-equipment manufacturers. This move will help India achieving its stated goal of drastically limiting the use of fossil fuels for its surface-transportation needs. “Fast government approvals make it (Andhra Pradesh) ideal for manufacturing,” the state’s secretary for industries and commerce, Solomon Arokiaraj, told.
Andhra Pradesh wishes to be a state of electric mobility ecosystem in the entire country. New Delhi has proposed switching to an ‘electricity-only’ fleet by 2030, but is yet to announce a comprehensive policy. “Andhra (Pradesh) has achieved a growth rate of 11% in 2016-17, and may present the electric-mobility policy by next month.
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