Upto ₹44,000 Incentives for Electric 2-Wheelers in Maharashtra

Maharashtra EV policy 2021 comes after Gujrat announced incentives for electric vehicle buyers. All of this will push up electric mobility adoption…

To make Maharashtra a leading hub for EV procurement on a global scale the state government has launched a new EV policy. There is a goal that at least 10 percent of all new vehicles that get registered must be EVs, or run 3,00,000 EVs by 2025.

The state government will offer incentives to the early birds who will purchase electric vehicles of any type including two, three, and four-wheelers. The offer includes paying INR 5,000 per kWh of the concerned EV’s battery capacity.

For 2-wheelers and 3-wheelers INR 10,000 and INR 30,000 grants will be sanctioned respectively. The four-wheeler EV buyers will get an incentive of INR 1.50 Lac.

There has been a fast-growing demand for electric vehicles in India after the FAME II subsidy was increase and registration fee was waived off for EVs.

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Long-term Plan for Electrification

Maharashtra governance is aiming to electrify 25% of the public mobility in major cities such as Mumbai, Pune, Nagpur, Aurangabad, Amravati, and Nashik.

Maharashtra EV policy 2021
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Volunteering on the path to achieve total adoption of electric vehicles, all the government vehicles will be EVs starting from April 2022.

The other notable feature of the new Maharashtra EV Policy includes the timely registration of EVs for fleet owners, delivery providers, and logistics firms.

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To ensure perfect implementation of the new EV Policy, the Maharashtra state government is setting up a Mechanism Steering Committee. The Chief Secretary will chairman over this committee.

Also, other principal secretaries will assess and revise the policy according to the EV ecosystem. Additionally, there will be a special Climate Change Department that will manage the EV Monitoring Cell.

Big Plans for Charging Infrastructure

Along with electric vehicles, the government is also focusing on setting up EV charging infrastructure. Around 2500 charging stations will be set up in urban regions such as Mumbai, Pune, Nagpur, Aurangabad, Nashik, Amravati, and Solapur.

Charging stations will set on Major highways in and around Maharashtra such as Mumbai-Pune, Mumbai-Nashik, Mumbai-Nagpur, and Pune-Nashik.

Maharashtra EV policy 2021
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15,000 units of slow chargers will receive an incentive of INR 10,000 (per charger). Similarly, 500 units of fast chargers will get a grant of INR 5,00,000 per charger.

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Urban local bodies will get tax rebates on providing their property for allowing installation of private charging stations.

There is a lot happening on the electric mobility front and these pushes from the Government will only increase the adoption rate.