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Business News/ News / India/  Maharashtra govt issues EV policy, aims to make 10% of new vehicle registrations under electric

Maharashtra government has rolled out a revised EV (electric vehicle) policy in a move for a cleaner environment and amid the big EV push in the country. The government aims at 10% of newly registered vehicles in its major cities to be electric ones by 2025. It also targets to have around 1,500 charging stations in Mumbai itself by 2025 along with converting 15% of MSRTC buses to electric.

As per the notification, the state government will give demand and supply side incentives to generate demand and incentivize production of such vehicles. Incentives will also be given for setting up advanced chemistry cell battery manufacturing plants. It also targets setting up 1 giga watt battery manufacturing plant in Maharashtra.

Maharashtra has announced extensive incentivization for setting up charging stations. The various incentives will include giving 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.

Also, all electric vehicles will be exempted from road tax and registration charges, the notification stated. Additionally, Maharashtra has also rolled out scrapping incentives.

Last month, Gujarat government had come out with Gujarat State Electric Vehicle Policy, 2021, which it said would commence from July 1, 2021, for a period of four years. It is 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.

Under the policy by Gujarat government, 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.

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Updated: 13 Jul 2021, 06:10 PM IST
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