TGEV

Targets

Cost Effectiveness

To reduce the total cost of mobility by increasing the adoption of Electric Vehicles in public transportation, 2 & 3 Wheelers, 4 wheelers, Light Commercial Vehicles & Shared Transportation

Energy Security

To promote a shift from dependence on fossil fuels which are mostly imported and expensive with unreliable supply during times of crisis, to reliable domestically produced renewable energy which is less expensive

Domestic Manufacturing

To make Telangana state the preferred destination for Electric Vehicle, ESS and component manufacturing

Investments

To make Telangana a major base for EV & ESS sectors and to attract investments worth $ 4.0 Billion

Employment

To create employment for 120,000 persons by year 2030 through EVs in shared mobility, charging infrastructure development and EV & ESS manufacturing activities

Charging Infrastructure

To proactively support creation of EV charging Infrastructure in the initial phase and eventually create market for commercially viable EV Charging business

Recycling

To promote Recycle and Cascading of Batteries

Research & Innovation

To develop Telangana as a global center for cutting-edge research and innovation in Electric vehicles, battery technologies and other emerging technologies such as Autonomous/Connected vehicles