The latest update in Maharashtra Electric Vehicle Policy
The Electric Vehicle policy offers scrapping bonuses of Rs 7,000 per two-wheeler, Rs 15,000 for tricycles, and Rs 25,000 for four-wheelers by building an entire electric vehicle ecosystem in the state to facilitate the transition to electric vehicles.
The Directive also requires municipal fleet operators, e-commerce and delivery, and logistics companies to deploy electric vehicles in at least 25 percent of their urban fleets in Maharashtra by 2025. According to the Electric Vehicle policy, the state wants to offer basic and early incentives for the purchase of electric bicycles, tricycles, and four-wheelers.
For two-wheelers and three-wheelers, the maximum incentive will be capped at 10,000 and 30,000 rupees respectively. For the convenience of consumers, the incentives will be available in advance to both the purchaser and the vehicle manufacturer, and the state government. As part of this Electric Vehicle policy, the government will provide subsidies and incentives, as well as incentives for the setting up of 2,500 charging stations in major cities and major highways throughout the state.
The state of Maharashtra, which is still little developing in the electromobility policy, has revised its Electric Vehicle policy to create greater incentives for battery-powered electric vehicles (BEVs) and to develop a good infrastructure to promote their sale. With the goal of making the state the leading manufacturer of battery-powered electric vehicles in India based on annual production capacity, with the goal of the state’s electric vehicles accounting for 10 percent of new registrations (up to three lakh vehicles per year) by 2025,
The government introduced the Maharashtra Electric Vehicle Policy 2021 and announced that electric vehicles will be exempt from vehicle tax and registration fees. It is electric two-wheelers that will provide the largest share of incentives under the policy as the government expects them to account for a significant 10 percent of new registrations in Maharashtra by 2025.
According to Revolt, the state government will pay 10,000 rupees per bicycle as an incentive in Maharashtra. The Directive states that the incentives will apply from the date of notification of the policy and will be paid out by the Ministries of Industry, Energy, and Labour. The 10,000 charger incentive is in addition to the FAME-IL incentive that is granted to vehicle manufacturers based on the number of registered vehicles in the state.
Electric mobility policy also encourages fleet aggregators to operate electric vehicles as motor vehicle aggregators in accordance with the 2020 directives of the Ministry of Road Transport and Motorways. The policy proposes to purchase new electric vehicles in cities such as Amravati, Pune, Nagpur, Aurangabad, Nashik, and Mumbai from April 2022. Electric vehicles under the new Electric Vehicle Directive will be exempt from registration fees and electric vehicles sold by the government of Maharashtra will also be exempt from car tax.
Implementation of the Maharashtra Electric Vehicle Policy 2021 will, in addition to FAME II incentives, accelerate the process of introducing electric vehicles in the state. The newly introduced Maharashtra EV Policy 2021 aims to overhaul public and private transport infrastructure to electrify 10 percent of registered vehicles by 2025.
The new Electric Vehicle policy update was announced in 2018 with the government of Maharashtra aiming to publish electric vehicles by 2025 in 10 percent of new registrations and 25 percent rollout of electric vehicles for public transport and delivery vehicles on the last mile in six major cities in Mumbai, Pune, Nagpur, Aurangabad and Nashik by the same year.
In June 2021, Gujarat will also introduce its own policy with a total target of 200,000 electric vehicles, including 110,000 electric two-wheelers, 70,000 electric tricycles, and 20,000 electric four-wheelers. From the ICRAs point of view, the Maharashtra government’s electric vehicle policy is a step towards faster adoption of electric vehicles in India.
The combination of various benefits offered under the new Maharashtra Electric Vehicle Policy will help reduce the price difference between electric vehicles and ICE (electric two- and three-wheeled vehicles). Rattanindia, supported by electric vehicle manufacturer Revolt Motors, added that the policy will also encourage the significant roll-out of electric buses in key cities throughout the state.
Maharashtra unveiled its electric vehicle policy in 2021 on Thursday as part of electric vehicles, which are expected to account for 10% of new registrations by 2025. Politicians are still waiting for the final nod from the state cabinet. Aditya Thackeray, the state’s environment minister, is leading the revised policy initiative for state vehicles and government officials to have electric vehicles by 2022.
With the overarching goal of electric vehicles contributing 10% to new registrations and 300,000 electric vehicles per year by 2022, the Comprehensive Electric Mobility Policy 2021 aims to accelerate the roll-out of electric vehicles across the country by establishing production and charging infrastructure for electric vehicles that includes three direct incentives, demand, and supply of charging infrastructure.
According to the state government, electrification of urban public transport in Mumbai, Aurangabad, Pune, Nagpur, and Nashik is to be achieved by 25 percent by 2025. In an ambitious state-led electromobility policy, 25 percent of the vehicle fleets of aggregators, e-commerce companies, and logistics companies are to be electrified by the same year. Among the five urban centers targeted, the government aims to electrify public transport by 25 percent by switching 15 percent of the existing Maharashtra State Road Transport Corporation fleet to electric vehicles by 2025.
The state hopes to become the nation’s leading producer of electric vehicles in terms of annual production capacity by establishing an electric vehicle fund in the form of the state secretary for electric vehicles to monitor policy implementation on a daily basis.
Maharashtra’s government announced on Tuesday a new electric vehicle policy aimed at accelerating the roll-out of battery-powered electric vehicles (BEVs) by contributing 10 percent of new registrations by 2025. The policy aims to achieve electrification of public transport by 25 percent of the six urban centers and convert 15 percent of the current state bus fleet to electric by 2025.
The new policy also aims to establish a manufacturing unit in the state to manufacture advanced lithium-ion batteries. At Rs 930 crore, the policy aims to put three new electric vehicles on the road by 2025.
The state of Maharashtra announced a new policy on Tuesday, an update of the one announced by Fadnavi’s government in 2018. The guidelines were published by Additional Chief Secretary (Transport) Ashish Singh and Environment Minister Aditya Thackeray. The latter presented the Maharashtra Electric Vehicle Policy 2021 which aims to encourage the adoption of electric vehicles in their production and to strengthen the necessary infrastructure.
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