Government of Karnataka To Offer 20 Percent Subsidy For Installation of Electric Vehicle Charging Station
The state government of Karnataka has said that it would offer a subsidy of 20% or Rs 10 lakh, (whichever is higher), to individuals willing to set up public charging stations for electric vehicles (EV). At present, the cost of setting up an electric vehicle charging station is somewhere around Rs 30 lakh and Rs 40 lakh. The subsidy is provided so as to encourage people to invest in the installation of EV charging stations. This is in line with the government’s plan of building the EV infrastructure that the state capital Bengaluru lacks.