The Maharashtra state government has announced its new and comprehensive policy for boosting the sale of electric vehicles in the state as they now aim to make 10% of all vehicles sold in the state to be electric by the year 2025.
The Government aims to make Maharashtra a leading manufacturing and investment hub for the Electric Vehicle ecosystem globally with the goal for EVs to contribute to 10 percent of new vehicle registrations – or 3,00,000 EVs – a year by 2025.
The new policy is an upgrade to the previous one formulated in 2018 and this policy provides direct incentives for demand, supply, and charging infrastructure.
The new thing in the policy is that it also includes non-fiscal incentives for developing skilled manpower which will further help in making Maharashtra a hub for the EV ecosystem globally.
The various incentives will include giving an incentive of ₹5000 per kWh of battery and the maximum incentive for electric two-wheelers is ₹10,000 and ₹30,000 for electric three-wheelers.
Interestingly all the electric vehicles state will be exempted from road tax and registration charges. Additionally, there are several scrapping incentives as well.
Additionally, the Maharashtra government is also targeting electrification of 25 per cent of all public transport and last-mile delivery solutions by the year 2025 in Greater Mumbai, Pune, Nagpur, Nashik and Aurangabad. Along with this, it has aimed to electrify 15 per cent of all MSRTC buses by 2025. The government is also offering incentives of up to Rs 30,000 for e-three-wheelers (Rs 75,000 in 2021) and Rs 20 lakh for electric buses. If an is EVs sold without a battery then it will only be eligible for 50 per cent of the proposed incentives.
Similarly, Gujarat Government also announced incentives for EV last month targeting 1.1 lakh electric two-wheelers (e2W), 70,000 electric three-wheelers (e3W), and 20,000 electric four-wheelers (e4W) during the policy period with a demand incentive of ₹10,000 per kWh is being provided by the state government for e2W, e3W and e4W over and above any subsidies available from the central government, with the maximum ex-factory prices being capped at ₹1.5 lakh, ₹5 lakh and ₹15 lakh, respectively, for the three-vehicle categories.