Global Trade Alert
Global Trade Alert

India: Incentives under the Electric Vehicle Policy 2023 announced by the state of Tamil Nadu

Announcement

14 Feb 2023

On 14 February 2023, the Indian state of Tamil Nadu announced incentives under the electric vehicle policy 2023.

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Feb 2023

Revocation date:

21 Feb 2028

Updated: 14 Feb 2023
Financial grant In force

On 14 February 2023, the Chief Minister of the Indian state of Tamil Nadu announced incentives for the manufacturing of electric vehicles and their components under the Tamil Nadu Electric Vehicles...

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Updated: 14 Feb 2023
Local content incentive In force

On 14 February 2023, the Chief Minister of the Indian state of Tamil Nadu announced incentives to consumers on the purchase of electric vehicles manufactured, sold, and registered in the state. The...

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Updated: 14 Feb 2023
Interest payment subsidy In force

On 14 February 2023, the Chief Minister of the Indian state of Tamil Nadu announced a 5% interest subsidy on term loans taken for the manufacture of electric vehicles (EV) and their components unde...

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Updated: 14 Feb 2023
Tax or social insurance relief In force

On 14 February 2023, the Chief Minister of the Indian state of Tamil Nadu announced incentives for the manufacturing of electric vehicles and their components under the Tamil Nadu Electric Vehicles...

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