New EV Policy: Benefit Of Upto Rs 2.5 Lakh On Buying Electric Vehicle In Maharashtra

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Amrita Bhalla

Pune, 14th July 2021: The Maharashtra government has announced its new electric vehicle (EV) policy. State environment minister Aditya Thackeray and other dignitaries released the new policy.

Preparations are going on in full swing to promote electric vehicles in India, vehicle manufacturers are active in the direction of discount and government EV policy. Currently, Maharashtra has announced its EV policy for 2021, claiming that it will be the top state to produce electric vehicles by 2025.

Under Maharashtra EV Policy 2021, an incentive of Rs 1.5 lakh is being offered on electric cars. Also if you buy an electric car before December 31, 2021, you can avail an initial subsidy of Rs 1 lakh, taking the total profit to Rs 2.5 lakh. The state is also offering a scrappage incentive of Rs 25,000 for those who scrap their old car for EV.

“We are trying to set up public charging stations on highways at a distance of 25 km. These stations should cater to the charging requirements of long-haul passenger and freight vehicles like e-buses, electric trucks, etc,” Thackeray said.

The policy aims to promote EV adoption among private buyers through subsidies and discounts. Along with this, the state government is also considering 10% contribution of electric vehicles in new vehicle registration by 2025. All new electric cars sold in Maharashtra will now be exempted from road tax and registration fee, which will bring down their on-road prices significantly.

This policy is valid on one electric car only. The base incentive for electric vehicles starts at Rs 5,000 per kWh, but for electric cars the limit has been kept at 30kWh. This means that only Tata Nexon can avail benefits within this policy.

The Maharashtra government is planning to set up 2,375 public and semi-public charging stations in seven major cities and four national highways.

Under this policy, the government is giving an incentive of Rs 10,000 for setting up slow EV charging stations and Rs 5 lakh for medium to fast chargers. In addition, property tax exemption will also be given for setting up private charging stations within the society premises.