Electric vehicles to get upto Rs 2.75 lakh incentive in Maharashtra

    Published On Jul 13, 2021 09:15:00 PM

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    Maharashtra's new aggressive policy provides incentives up to Rs 44,000 for electric two wheelers; targets 3 lakh EV registrations every year by 2025.

    The Maharashtra government today unveiled a comprehensive EV Policy for 2021, which has been designed to accelerate both adoption of electric vehicles (EVs) in the state as well as make 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 – or 3,00,000 EVs – a year by 2025.

    • Three direct incentives for demand, supply and charging infrastructure
    • Includes non-fiscal incentives for developing skilled manpower
    • Aims to make Maharashtra a hub for the EV ecosystem globally

    Maharashtra's EV Policy

    As per the policy, the Maharashtra 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. Meanwhile, for four-wheelers the maximum incentive is capped at Rs 1.50 lakh. Buyers will also be eligible for early bird incentives (on purchase of vehicle before 31st December, 2021) and several other benefits, as has been detailed in the table below.

    Maharashtra EV policy incentives
    Vehicle typeBattery Capacity (kWh)Basic IncentivesEarly Bird IncentivesAssured buyback & Battery warranty IncentivesScrappage IncentivesTotal Incentives
    Electric two-wheelers (before December 31, 2021)3Rs 10,000Rs 15,000Rs 12,000Rs 7,000Rs 44,000
    Electric two-wheelers (after December 31, 2021)3Rs 10,000NARs 12,000Rs 7,000Rs 29,000
    Electric three-wheelers (before December 31, 2021)7Rs 30,000Rs 35,000Rs 12,000Rs 15,000Rs 92,000
    Electric three-wheelers (after December 31, 2021)7Rs 30,000NARs 12,000Rs 15,000Rs 57,000
    Electric four-wheelers (before December 31, 2021)30Rs 1,50,000Rs 1,00,000NARs 25,000Rs, 2,75,000
    Electric four-wheelers (after December 31, 2021)30Rs 1,00,000NANARs 25,000Rs 1,75,000

    Accelerating adaptation of EVs

    Along with the earlier-mentioned target of 10 percent of new vehicles sales to be EVs, Maharashtra is targeting six urban cities (Mumbai, Pune, Nagpur, Aurangabad, Amravati and Nashik) to achieve 25 percent electrification of public transport and last-mile delivery vehicles by 2025. Also from April 2022, all new government vehicles in Maharashtra will be EVs.

    The EV policy indicates the state government’s plan to fast-track and ensure time-bound registration of EVs, including EV fleets owned by aggregators, last mile delivery providers, logistics players, etc. The policy will encourage fleet aggregators to operate electric vehicles, as per the Motor Vehicle Aggregator Guideline 2020 issued by Ministry of Road Transport and Highways.

    Greater focus on charging infrastructure

    The state government also plans to aggressively develop EV charging infrastructure, estimated at around 2,500 charging stations, in 7 major urban agglomerates (Mumbai, Pune, Nagpur, Aurangabad, Nashik, Amravati and Solapur) and 4 major highways (Mumbai -Pune, Mumbai - Nashik, Mumbai - Nagpur and Pune - Nashik).

    While slow chargers (15,000 units) will get incentives up to Rs 10,000 per charger, fast chargers (500 units) will be incentivised up to Rs 5,00,000 per charger. The government document states that “urban local bodies will be encouraged to provide property tax rebates to residential owners for installing private charging infrastructure within their premises.” ULBs/PWD/ MSRDC will identify locations for charging infrastructure installation.

    The proposed incentives are in addition to FAME Il incentives and will be awarded to vehicle manufacturers based on the number of vehicles registered in Maharashtra.

    Benefits for EV manufacturers in Maharashtra

    The EV Policy documents says that "all the benefits under 'D+' category of mega projects will be provided to these industries irrespective of location of manufacturing unit in the state. This incentive will be applicable from the date of notification of policy and will be disbursed through the Industries, Energy and Labour Department”.

    Policy Implementation

    The state government is instituting a Mechanism Steering Committee under the chairmanship of Chief Secretary and other concerned department principal secretaries, who will assess the policy effectiveness and revise the policy, considering the EV ecosystem and environment. There will be a Climate Change Department which will drive the 'EV Monitoring Cell’.

    Also See:

    Green 2 Green Drive: Tata Nexon EV on safari in Satpura

    Delhi government notifies EV policy

    Electric two-wheelers now more affordable due to FAME II revision

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