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Karnataka Unveils New Electric Vehicle Policy for Investment
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September 26,2024

Karnataka Unveils New Electric Vehicle Policy for Investment

The Karnataka Government plans a new Electric Vehicle policy to attract Rs 50,000 crore in clean mobility investments by 2029. Proposed measures include exempting Electric & Hybrid Vehicles under Rs 25 lakh from Road Tax, offering 50% fixed asset incentives, and providing capital investment subsidies.

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