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Electric vehicles (EVs) are gaining traction in India, and Haryana is stepping up to make them even more accessible. The state is set to reintroduce subsidies for EVs priced under ₹40 lakh, a move that could save buyers up to ₹4.5 lakh on popular models like the Mahindra XEV 9e, Tata Harrier.EV, and MG Windsor Pro. This decision aims to put green mobility within reach of middle-class consumers while accelerating India’s EV adoption.
A Game-Changer for Affordable EVs
Haryana’s Electric Vehicle Policy 2022 previously offered a 15% subsidy for EVs priced between ₹15 lakh and ₹40 lakh, but this benefit expired in March 2024. The current policy limits incentives to vehicles above ₹40 lakh, leaving out a significant portion of middle-class buyers. Recognizing this gap, Industries and Commerce Minister Rao Narbir Singh has proposed reviving the subsidy for sub-₹40 lakh EVs to make sustainable transport more inclusive.
This move is expected to benefit a wide range of buyers. The ₹15-40 lakh segment is one of the most vibrant in India’s EV market, featuring models like the Mahindra BE6, Tata Curvv.EV, and Hyundai Creta Electric. By reintroducing subsidies, Haryana aims to make these vehicles even more attractive, driving sales and promoting eco-friendly transportation.
Why Focus on the Middle-Class Segment?
The decision to target the ₹15-40 lakh segment is strategic. This price range includes some of India’s best-selling EVs, such as the Tata Nexon.EV, MG ZS EV, and BYD Atto3. These models are already popular due to their competitive pricing and features. A subsidy of up to 15% could lower their cost significantly, making them a compelling choice for budget-conscious buyers.
Minister Singh emphasized that policies must prioritize segments with the highest demand to create a meaningful impact. Unlike the premium ₹40 lakh+ segment, which caters to wealthier buyers, the sub-₹40 lakh category appeals to the masses. Subsidies here could lead to a surge in EV ownership, reducing carbon emissions and supporting India’s sustainability goals.
Boosting Electric Scooters and Three-Wheelers
Beyond cars, Haryana’s revised policy will also focus on electric scooters and three-wheelers. These vehicles have seen a massive uptick in adoption, especially in urban and semi-urban areas. Affordable and practical, they play a crucial role in India’s evolving EV landscape. By extending subsidies to these segments, the state hopes to further accelerate their growth, making electric mobility a reality for a broader audience.
A Bright Future for EV Buyers in Haryana
While no official timeline for the revised policy has been announced, the proposed changes signal a promising future for EV buyers in Haryana. Models like the Kia Carens Clavis EV and BYD eMAX 7 could become even more affordable, offering greater value to consumers. This initiative not only supports middle-class buyers but also aligns with India’s push for cleaner, greener transportation.