Karnataka's Ambitious Clean Mobility Policy Sparks Massive Investment Interest
Key Ideas
- Karnataka attracted INR 25,000 crore in investments for the EV value chain and anticipates an additional INR 15,000 crore by August 31.
- The state's clean mobility policy aims at INR 50,000 crore investment and creating one lakh new jobs within the clean mobility sector.
- Energy minister KJ George aims to establish Karnataka as a front-runner in EV and hydrogen vehicle manufacturing through the new policy.
- The policy highlights the development of charging stations, hydrogen hubs, and robust infrastructure for clean mobility as its core focus.
Karnataka has recently unveiled a significant clean mobility policy spanning from 2025 to 2030, aiming to attract investments totaling about INR 50,000 crore and generating one lakh new job opportunities within the clean mobility value chain. The state has already secured INR 25,000 crore in investments across various segments of the electric vehicle (EV) value chain, encompassing battery pack manufacturing, cell production, OEMs, charging infrastructure, and research & development. An additional INR 15,000 crore is anticipated to be invested by August 31, as per industries minister MB Patil during the Invest Karnataka event. Energy minister KJ George emphasized the policy's objective to position Karnataka as a national leader in both EV and hydrogen vehicle manufacturing sectors. Central to the new policy is the establishment of a robust infrastructure tailored for clean mobility, with a specific focus on enhancing charging stations, building hydrogen hubs, among other initiatives, as detailed by the minister.