Karnataka Industries Minister invites Japan to invest in EV sector

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Karnataka aims to become a global hub for electric mobility

Bengaluru: Karnataka Industries Minister M B Patil on Wednesday met a Japanese parliamentary delegation and invited them to invest in the electric vehicle (EV) sector in the state. He said that Karnataka would like to partner with Japan in achieving the aspiration of becoming a global manufacturing hub for EVs.

Karnataka’s new Clean Mobility policy

Patil said that the state government is coming out with a new Clean Mobility policy, which will focus on the entire value chain related to e-mobility, from battery and cell manufacturing, component production, original equipment manufacturers, charging and testing infrastructure, to research and development. He said that the policy will offer enhanced capital subsidies, rental subsidies, stamp duty exemption, and other incentives for EV investors and entrepreneurs.

Karnataka Industries Minister

Karnataka’s existing EV ecosystem

Patil said that Karnataka is home to over 525 Japanese companies, with around 70 companies having active presence in the state. He said that Karnataka shares many similarities with Japan in terms of major industries like auto and R&D. He also said that Karnataka has an eight per cent adoption rate of EVs among its registered vehicles, which is higher than the national average of six per cent.

Model EV cities and charging stations

Patil announced that the government is planning to develop model EV cities in Kalaburagi, Belagavi, Hubballi-Dharwad, Mysuru, among other locations. He said that these cities will showcase best practices and innovations in EV technology and infrastructure. He also revealed that the government is in talks with the National Highway Authority of India (NHAI) to establish electric vehicle charging stations at 10 major toll booths along the Bengaluru-Pune national highway.

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