Kerala to Welcome Special Zone for Electric Vehicle Industry

Kerala to Welcome Special Zone for Electric Vehicle Industry

Kerala will soon welcome a special zone for the electric vehicle (EV) industry. The announcement was made by Industries Minister for the state, P Rajeeve. It is being held that the special zone will host battery production, technology development and other areas that delve into the EV sector.

The minister further stated that the government wants that KSEB (Kerala State Electricity Board) and private firms should look at establishing more fast charging stations in Kerala.

Electric Vehicle Owners Kerala (EVOK) will establish 30 fast charging stations, which will come up at several points in Kerala. The first phase will see the set up of these 30 stations, and will be followed by the second phase which will witness expansion to a hundred charging stations.

Of late, Kerala has been giving a strong push to the development of the EV sector. In order to enable private participation in the EV charging installations (EVCI) market, the Government of Kerala is providing financial assistance in terms of 25% of the charging machine cost. Also, to encourage renewable energy systems, additional financial assistance of Rs. 20,000 per kW for solar installation up to 50kW is being provided. Recently, the ANERT (Agency for Non-conventional Energy and Rural Technology) has inaugurated five fast EV charging stations in the state of Kerala in order to keep pace with the fast-growing EV Market in the State.