EVS is the way of the future, and the state that takes the lead will gain from early adoption.


Haryana EV policy calls for infrastructure to be built in office parks and housing societies.
 
According to real estate developers and brokerage firms, the Haryana government's draft EV policy, which proposes charging stations at commercial complexes, housing societies, and residential townships with a built-up area of 5,000 sqm, will help accelerate EV adoption and create better infrastructure in cities like Gurgaon and Faridabad.
 
EVS are the way of the future, and the state that takes the lead will gain from early adoption. With Gurgaon being an MNC center, a policy will assist developers in include EV infrastructure from the beginning of the project," said Vibhor Jain, managing director-north India at Cushman & Wakefield.
 
The Haryana government's EV strategy aims to make the state a global center for electric mobility development and electric car manufacture (EVS).
 
Experts believe that the growing popularity of electric vehicles would have a direct impact on the real estate sector due to the development of charging infrastructure and the subsequent need for space.
 
"The strategy aspires to build charging infrastructure in the state as a financially viable business enterprise by enabling the availability of land at concessional rates in selected regions," Jain added.
 
According to the draft policy, the government intends to designate 100 to 200 acres of land for the development of EV parks with plug-and-play internal infrastructure, shared amenities, and essential external infrastructure in order to build a full ecosystem of EV manufacture in the state.
 
More states, according to Sumit Dhanuka, founder of Electriva, a prominent EV charging firm, should have such progressive rules in place to drive the adoption of green transportation.
 
According to experts, such favorable policies would boost the state's logistical and manufacturing sectors.
 
The state government provides financial incentives such as a capital subsidy for fixed capital investment and refund of 100 percent of stamp duty and transfer duty paid by industry on the acquisition or lease of land for industrial use.
 
"The Haryana government's EV policy is an important step toward securing and fostering pollution-free urban transportation in the state," says Mohit Goel, MD of Omaxe Ltd.