The Maharashtra government has unveiled a comprehensive Electric Vehicle Policy for 2021, which has been designed to accelerate both adoption of EVs in the state. It also aims at making Maharashtra a leading manufacturing and investment hub for the EV ecosystem globally.?
The overarching aim is for EVs to contribute to 10 percent of new vehicle registrations ¨C or 3,00,000 EVs ¨C a year by 2025.
The Maharashtra government has rolled out a Rs 930 crore policy that¡¯s valid till 31 March, 2025, and has announced EVs will be exempt from road tax and registration charges.
According to the policy, the state government will offer basic as well as early bird incentives on the purchase of electric two-wheelers, three-wheelers and four-wheelers.?
This includes an incentive of Rs 5,000 per kWh of the vehicle battery capacity.
For two-wheelers and three-wheelers, the maximum incentive has been capped at Rs 10,000 and Rs 30,000, respectively.
For four-wheelers, the maximum incentive is capped at Rs 1.50 lakh.
People buying EVs will also be eligible for early bird incentives (on purchase of vehicle before 31st December, 2021) and multiple other benefits.
Also from April 2022, all new government vehicles in Maharashtra will be EVs.