Maharashtra Electric Vehicle Policy – 2021
The Government of Maharashtra approved the expenditure of INR 930 Cr. for next four years for the implementation of Maharashtra Electric Vehicle Policy, 2021. Notification date of the policy is 23 July 2021. The following is summary of the policy.
Objective
– Adoption of at least 10% EVs by 2025
– Achieve 25% electrification of public transport and last mile delivery by 2025
– 15% of MSRTC’s existing bus fleet to electric
– Make Maharashtra top producer of EVs in annual production capacity
– One Gigafactory for manufacturing of advanced chemistry cell (ACC) batteries
– Promote research and development (R&D), innovation, and skill development across the EV ecosystem in the state
Demand Incentives
Purchase incentives for early adoption of EVs based on the energy capacity in kWh of battery:
Vehicle Type | Subsidy Amount (Rs) | No. of vehicles | Max. incentive per vehicle (INR) |
2W (L1 & L2) | 5000/kWh | 100,000 | 10,000 |
3W (L5M) | 5000/kWh | 15,000 | 30,000 |
3W (L5N) | 5000/kWh | 10,000 | 30,000 |
4W Cars (M1) | 5000/kWh | 10,000 | 1,50,000 |
4W Goods Carrier (N1) | 5000/kWh | 10,000 | 1,00,000 |
E-bus | 10% of vehicle cost | 1,000 | 20,00,000 |
Other demand incentives are
– Exemption from road tax and registration fees for EVs.
– Exemption from fees for purpose of issue or renewal of registration certificate.
– Engage & encourage financial institutions and banks to offer interest rates for EV customers pke e-auto, goods carrier and taxis
Scrappage incentive will be provided as per below table.
Vehicle Type | Scrappage Incentive Amount |
e-2W | Up to INR 7000 |
e-3W | Up to INR 15000 |
e-4W | Up to INR 25000 |
Charging infrastructure
Charging infrastructure incentives will be as per below table:
Type of PCS | Incentive Amount | Max. incentive per PCS | Max. number of PCS |
Slow | 60% of cost | INR 10,000 | 15,000 |
Moderate/fast | 50% of cost | INR 5,00,000 | 500 |
– ULBs to be encouraged to provide property tax rebates to residential owners for installing private charging stations
– Public charging stations at every 25 kms on highways
– EV ready parking option in new residential building from year 2022
– New residential building to have 20% total parking for EVs
– All government office complexes to have 100% EV parking by 2025
– Fast track registration of EVs
– No permit requirement for e-autos
Skill development and R&D
– Amend existing courses and/or create new courses on EV ecosystem to be offered by the State ITIs
– Develop skill enhancement centres for delivering vocational courses on EV and train ICE mechanics in repairing / servicing of EVs and charging stations
– Incentives for setting up R&D facilities related to EVs (component manufacturing, vehicle assembly, battery assembly, cell manufacturing, electronics parts manufacturing, recycling of EVs and EV batteries, etc.)
Subscribe today for free and stay on top of latest developments in EV domain.