To promote electric vehicles and thus cut down vehicle emissions, an amount of Rs 7.98 crore has been earmarked for setting up charging stations for electric vehicles in all districts. An Electric Vehicle Consortium (EV Consortium) has been formed with TTPL, VSSC, C-DAC and TrEST in the state to coordinate all EV-related activities.
The EV drivetrain testing lab set up under the aegis of TrEST park will be operational by July 2023. An EV industrial park will be developed with the support of KIIFB. An amount of Rs 25 crore has been earmarked additionally for the EV consortium project.
A new ‘Energy Park’ will be setup to utilize the possibilities of power generation from renewable sources like sunlight and wind. An amount of Rs 10 crore has been earmarked for an industrial park manufacturing EV battery and allied equipment.
The state also announced setting up of a Green Hydrogen Hub like the Centre announced in its budget. It aims to become a 100% renewable energy dependent state by 2040 and a net carbon neutrality state by 2050. The state has a favourable atmosphere to produce Green Hydrogen which is also called as “Clean Energy”.
A scheme of Rs 200 crore has been announced for VGF/Grant/Equity support to set up Green Hydrogen hubs in Kochi and Thiruvananthapuram in the next two years. An amount of Rs 20 crore has been earmarked additionally.
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The Central government is promoting use of electric vehicles (EV) in India and issued regulations and standards, guidelines to set up vehicle charging systems.