Several Government policies promote e-Vehicles. State Budget has announced a subsidy of Rs 5,000 – Rs 30,000, for 10,000 e-auto rickshaws, and a 50 percent reduction in Motor Vehicle tax for the ﬁrst ﬁve years. This topic has been discussed in the State Budget 2021 on page 108, under items 280 and 281. Thiruvananthapuram has the potential to become the Electric Vehicle (EV) hub of the State, using policies and initiatives of State and Central Governments.
A consortium of VSSC, C-DAC, KDISC, and TrEST Park is planned to develop modern battery technology.
KAL can leverage on these knowledge bases to start the production of lithium ION batteries.
Determine feasibility by January 2022
Kerala Automobiles Limited (KAL)