The Government of Maharashtra has announced the revised EV policy for 2021 for faster adoption of electric vehicles in the region and to make the state the leading EV producer of the country by 2025. Here are some key points from the new Maharashtra EV policy that you would like to know: –
Also Read: Gujrat EV Policy – Key Points To Note
1. Goal: – The revised EV policy of Maharashtra strives to promote rapid adoption of EVs among individual/private buyers through a slew of incentives and privileges for the customers. With this, the state government is aiming at a 10% contribution of electric vehicles to new vehicle registrations by 2025. It comprises at least 5% four-wheelers, 10% of two-wheelers, 20% three-wheelers, and 25% of the urban fleet operators like e-com companies, last-mile operators, and logistic players that are intended to move to EVs by 2025.
2. Revised Incentives: – Maharashtra government will offer total incentives of up to Rs 44,000 on electric two-wheelers. This includes a basic incentive of Rs 10,000, an early-bird incentive of Rs 15,000 (if you buy an electric 2-wheeler with a 3kWh battery before December 31, 2021), assured buyback, battery warranty incentives of Rs 12,000, and a scrappage incentive of Rs 7,000 for those who scrap their old vehicle for an EV. Total incentives of Rs 29,000 will be offered on vehicles purchased after December 31, 2021.
On electric cars & SUVs, the total incentive has been capped at Rs 2.75 lakh. This includes a basic incentive of Rs 1.5 lakh, an early-bird incentive of Rs 1 lakh, a scrappage incentive of Rs 25,000. After 31st December 2021, the subsidies on electric 4-wheelers will be reduced to Rs 1.75 lakh as the early-bird incentive is only valid till the end of this year. It is important to note that the basic incentive for EVs starts from Rs 5,000 per kWh but the limit has been capped at 30kWh for electric cars.
On the other hand, the govt incentives on electric three-wheelers range from Rs 57,000 to Rs 92,000.
3. No Road Tax on EVs: – All electric vehicles shall be exempted from the road tax and renewal of registration certificate, which will ultimately decrease their on-road prices.
Also Read: Delhi Government Exempted Electric Vehicles From Road Taxes
4. Electrification of Transport Vehicles: – The government also aims to have 25% electrification of public transport in six targeted urban areas by 2025. The govt will also convert 15% of the existing MSRTC buses to electric.
5. Government Vehicles To Go Green: – All new government vehicles will be electric from April 2022.
6. Development of EV Compatible Infrastructure: – The govt also has plans to develop a large charging network across the state. The govt will set up around 2,375 public and semi-public charging stations in seven major urban areas of Maharashtra and four national highways including Mumbai-Pune, Mumbai-Nashik, Mumbai-Nagpur, and Pune-Nashik. As per the reports, 1,500 of those charging stations will be set up in the Greater Mumbai region, 500 in Pune, 150 each in Nagpur and Nashik, 75 in Aurangabad, 30 in Amravati, and 20 in Solapur.
Also Read: Delhi CM Announced Electric Vehicle Policy, Up To Rs 1.5 Lakh Subsidiary For Passenger Electric Cars
7. Charging Infrastructure Incentives: – The government has declared an incentive of Rs 10,000 for establishing slow EV charging stations and Rs 5 lakh for moderate/fast-charging stations. Additionally, property tax rebates will also be given for installing private charging stations within society premises.
