'Green Gear': JSW Launches New Policy To Boost EV Adoption, Employees To Get Up To Rs 3 Lakh Incentive To Buy EVs

In a big push to electric vehicle adoption by private sector in India, Employees of the JSW Group will be provided an incentive of up to Rs 3 lakh to purchase electric four-wheelers and two-wheelers as the Indian multinational conglomerate targets promoting the adoption of electric vehicles (EVs) across the group under its EV policy 'JSW Green Gear'.

Apart from financial incentives, free-of-cost dedicated charging stations and green zones (parking slots) for electric vehicles will also be provided at all JSW offices and plant locations for employees under the company's EV policy, which will be rolled out from 1 January 2022.

"The goal is to build ambition among corporate and government bodies to support India’s transition to net-zero by 2070,” group chairman, Sajjan Jindal said in a media statement on Monday (27 December), reports Economic Times.

He added that the group's new EV policy is a "unique initiative leading to increased adoption of EVs in India and enabling access to green mobility".

“As electric vehicles are more efficient than traditional IC engine vehicles, the JSW EV policy, effective January 2022, will set a benchmark for others to follow. EVs are not only environmentally-friendly but also cost-effective," company’s chief human resources officer Dilip Pattnayak said.