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July 14, 2021

Know Maharashtra’s Electric Vehicle Policy

by CA Shivam Jaiswal in Compliance Law, Corporate Law

Know Maharashtra’s Electric Vehicle Policy

  • Accelerate adoption of battery electric vehicles; to contribute 10% of new vehicles registrations by 2025
  • Achieve 25% electrification of public transport and last-mile delivery in 6 targeted urban areas by 2025
  • Convert 15% of Maharashtra state road transport corporation’s (MSRTC) existing bus fleet to electric
  • Make Maharashtra the country’s top producer of BEVs in India in terms of annual production capacity
  • At least 25% of the urban fleet operated by the fleet aggregators (ecommerce companies, delivery/logistics players) in the state to transition to EVs by 2025
  • Formulation of various incentive plans for electric vehicles and associated infrastructure
  • Property tax rebates for installing private charging infrastructure within society premises
  • The policy will encourage fleet aggregators to operate electric vehicles
  • All EVs sold in the state shall be exempted from road tax
  • All EVs eligible under the policy shall be exempt from registration charges

Demand Incentives

Vehicle TypeDemand Incentives (INR)
2-wheelers29,0000 to 44,000
3-wheelers57,000 to 92,000
4-wheelers1,75,000 to 2,75,000

Charging  Infra. Incentives

Public Charging Station (PCS)Incentive Per PCS Unit
SlowINR 10,000
Moderate/ FastINR 5,00,00

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