Mumbai: Vehicles in the state, and to that end, has introduced the Maharashtra EV policy 2021; a revision of the policy introduced back in 2018. With an aim to make Maharashtra the “topmost producer of battery-powered electric vehicles in India” (basis annual production capacity) and aiming for electric vehicles (EVs) to make up 10 percent of all new vehicle registrations.
Around three lakh vehicles a year in the state by 2025, the state 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. incentives as part of the revised Maharashtra EV policy 2021, as the government expects them to make up a substantial 10 percent of all new vehicle registrations in the state by 2025.
The state will subsidise the first 100,000 electric two-wheeler buyers, who are eligible for an incentive of Rs 5,000 per kWh of battery capacity (incentive limit: Rs 10,000; twice the previous cap of Rs 5,000).
While that is lower than what the state of Gujarat has on offer, Maharashtra is offering an early bird incentive of up to Rs 15,000 (for an e-two-wheeler with a 3 kWh battery) for those who purchase the two-wheeler before 31 December, 2021. This means provided the chosen e-two-wheeler has a battery capacity of close to 3 kWh, buyers will be eligible for a total benefit of Rs 25,000 this year.