Icon times
Highlights of Maharashtra State Govt revised EV policy | Invest Yadnya

Highlights of Maharashtra State Govt revised EV policy

Published on 20 July 2021 Views 46 Comments 0
  • To accelerate adoption of EV . Aims to make EVs about 10% of new vehicle registrations till 2025.

  • 25% Electrification of last mile delivery and public transport within 6 targeted urban areas by 2025.

  • To make 15% of MSRTC’s fleet into electric buses.

  • Maharashtra state government policies should become the top producer of BEVs (Battery Electric Vehicles) with respect to annual production capacity.

  • In 7 major urban places and 4 national highways, 2375 public & semi-public charging stations will be developed.

  • From Apr 2022, all the new Maharashtra State Government Bonds vehicles will be EVs.

  • Fleet aggregators like Ecommerce, delivery/logistic companies in the urban regions should have EVs making up to 25% of the fleet.

  • Incentive plans for EVs and related infrastructure will be formed.

  • Societies installing private charging infrastructure will receive property tax rebates.

  • EVs sold in the state will be exempted from road Maharashtra state government tax on petrol.

  • EVs eligible under the policy will be exempt from Maharashtra state government registration charges too.

  • Demand incentives are planned as follows, 2 wheelers: Rs. 29,000-44,000. 3 wheelers: Rs. 57,000-92000. 4 wheelers: Rs. 1,75,000-2,75,000.

  • Demand Incentives available upfront to customers from manufacturers and dealers.

  • Charging infrastructure incentives will receive the following incentives per public charging station, Slow: Rs. 10,000. Moderate/Fast: Rs. 5,00,000.

Attachments
File Name
private article suscription area icon

You like to know more. We like that!

Please subscribe Model Portfolio Plan to get access of all premium model portfolio articles Only at Rs 7499/Year.

Please login to view this free article.

This blog is available only for logged in users, please register and get access to view this article.

LATEST UPDATE

premium Premium
free Free
Read More

REPORTS


Chat on WhatsApp
Caret UP Arrow
InvestYadnya Support
Typically replies in minutes
InvestYadnya Support
Hi there
Welcome to InvestYadnya.
We are available to assist you on WhatsApp.
Please click on the button below to chat with us.
(10 AM to 7 PM IST)
16:10
Chat with InvestYadnya