Maharashtra government has extended the early bird incentives on the purchase of electric vehicles till 31st March 2022. Earlier, this scheme was set to end on 31st December 2021. However, now the customers can continue to get direct benefits of Rs 1 lakh on the purchase of electric 4-wheelers and Rs 15,000 on electric 2-wheelers (with a 3kWh battery), along with the basic incentives proposed as per the state's EV policy.
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For those who aren't aware, the Maharashtra govt provides a basic incentive of Rs 10,000 on electric two-wheelers, and Rs 5,000 per kWh of the battery capacity of the electric-four-wheeler with a maximum incentive capped at Rs 1.50 lakh. These benefits are additional from the ones offered by the Central Government under the FAME II scheme.
Besides these aforementioned subsidies, the Maharashtra govt also provides a scrappage incentive of up to Rs 25,000 on electric four-wheelers, and Rs 7,000 on electric two-wheelers. The state authority has also exempted EVs from the road tax and renewal of registration certificates. The govt is aiming at a 10 percent contribution of electric vehicles to new vehicle registrations by 2025.
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