Maharashtra EV Policy 2021 – Summary
Date of Release – 13 Jul, 2021
Status – Draft
The 2021 policy is a revision of the earlier state EV policy announced back in 2018. Policy will be valid till 31 March 2025 from the date of the public notification of policy and will be reviewed and extended thereafter, as may be decided by the Govt. of Maharashtra.
Maharashtra Electric Vehicle Policy 2021
Policy Objective
The policy aims to accelerate adoption of BEVs in the state so that they contribute to 10% of new vehicle registrations by 2025 and make Maharashtra the country’s top producer of BEVs in India, in terms of annual production capacity.
– In the five targeted urban agglomerations in the state (Greater Mumbai UA, Pune UA, Nagpur UA, Nashik UA, and Aurangabad UA), achieve 25% electrification of public transport and last-mile delivery vehicles by 2025.
– Convert 15% of Maharashtra State Road Transport Corporation’s (MSRTC) existing bus fleet to electric.
– Target establishment of at least one Gigafactory for the manufacturing of advanced chemistry cell (ACC) batteries in the state.
Demand side incentives
Vehicle models approved under FAME II Scheme of Govt of India will be eligible for these incentives and the state incentives will be provided in addition to FAME II incentives.
– Buyers purchasing the EVs (except e-buses) before 31st Dec 2021 shall be eligible for ‘Early bird discount’ of INR 5,000/kWh of the vehicle battery capacity. This discount shall be provided over and above the demand incentives described in the table above. The maximum early bird discount availed per vehicle shall be capped at INR 1,00,000.
– For vehicles sold without battery, 50% of the incentive amount shall be provided to the vehicle OEM and the remaining incentive amount (up to 50%) shall be provided to the battery swapping energy operator. The vehicle OEMs should pass on all the incentive benefits to the EV buyers.
– All the EVs sold in the state shall be exempted from road tax till the duration of the policy.
– All the EVs sold in the state shall be exempted from the payment of fees for purpose of issue or renewal of registration certificate.
– The vehicles eligible for demand incentives under this policy will be eligible for the scrappage incentive.
Incentives on extended battery warranty and buyback agreement
OEMs who offer buyback schemes for vehicles which are up to 5 years old at a value reduced by not more than 7.5% per year of the age will be eligible for additional incentives. An OEM can avail both the incentives simultaneously, however the total incentive amount will be limited to INR 12,000.
Charging Infrastructure Incentives
The charging station shall be eligible for the incentives only after commencement of the operation of the station. Public and semi-public charging stations availing FAME II charging infrastructure incentive will not be eligible for these incentives.
The tariff applicable for all the EV charging stations and battery swapping stations in the state shall be as per Order issued by Maharashtra Electricity Regulatory commission (MERC).
Supply Side Incentives
All the benefits under ‘D+’ category of mega projects/other categories will be provided to these industries irrespective of location of manufacturing unit in the state.
– New residential buildings will be mandated to have at least 20% of the total parking spaces as EV ready, of which 30% should be in common parking spaces or parking spaces unallotted to any individual residence owner.
– Developers of new residential projects would be required to give option of buying EV-ready parking from 2022 onwards.
– All dedicated off-road public parking spaces shall convert at least 25% of their total capacity to be EV ready by 2023.
– All institutional and commercial complexes shall convert at least 25% of their total parking spaces to be EV ready by 2023.
– All government office complexes shall convert 100% of their total parking spaces to be EV ready at the earliest, but not later than 2025.
– All the future public parking spaces, allotted by bidding process, shall provide free parking to all the EVs.
The financial outlay for the policy is Rs 930 crore.
Link to policy document
Maharashtra EV Policy 2021 (Draft)
Subscribe today for free and stay on top of latest developments in EV domain.
Informative and useful information
How do I get to know the latest info and process to get the subsidy on ev.
Can we get 15% subsidy for 2 Wheller today also ? Is this option available now also please reply
How individuals can set up EV charging statuon? Is it a good business option?
Please Share the Link to apply for subsidy
Thanks
Abhijit,
As I understand, This will be a demand incentive which means that the on-road cost of the new EV’s will be reduced by the manufacturer up front. So there will be no need to apply for the subsidy in Maharashtra.
When will this policy be implemented? I see this is just a draft.
Can I get GR for Maharashtra EV POLICY 2021
Since it says first xyz qty of vehicles, nobody will know if their vehicle is counted and if they will get subsidy.