Maharashtra Electric Vehicle Policy 2021
The Maharashtra government unveiled the Maharashtra Electric
Vehicle Policy 2021 to hasten the adoption of BEVs in the state so that by
2025, they will account for 10% of all new vehicle registrations. For those who
purchase electric vehicles in the state, Maharashtra's government will offer
financial incentives.
Two-wheelers, three-wheelers, four-wheelers, and buses are
among the vehicle types and use cases associated with incentives. These
incentives are in addition to the FAME II incentives and are available to
vehicle models that have been approved under the government of India's FAME II
Scheme.
Demand Incentives for Electric Vehicles
|
Vehicle
Segment |
Incentive
Available (INR) |
No.
of Vehicles to be Incentivized |
Maximum
Incentive per Vehicle (INR) |
|
Electric Two-Wheeler (L1 & L2)
|
5000/kWh |
1,00,000 |
10,000 |
|
Electric 3-Wheeler autos (L5M) |
5000/kWh |
15,000
|
30,000
|
|
Electric
3-Wheeler goods carrier (L5N) |
5000/kWh |
10,000
|
30,000
|
|
Electric 4-Wheeler cars (M1) |
5000/kWh |
10,000
|
1,50,000
|
|
Electric
4-Wheeler goods carrier (N1) |
5000/kWh |
10,000
|
1,00,000
|
|
Electric buses |
10% of vehicle Cost |
1,000
|
20,00,000
|
Vehicle Segment-wise Scrappage Incentives
The vehicles that qualify for demand incentives under this
policy will also qualify for the incentive for scrapping. The government of
Maharashtra will reimburse vehicle segment-specific scrappage incentives under
the following conditions:
·
Evidence
of matching contribution from the dealer or OEM
·
Confirmation
of scrappage of the ICE vehicle in the same vehicle category
|
Vehicle Segment |
Scrappage Incentive |
|
Electric Two-Wheeler |
INR 7,000 |
|
Electric
Three-Wheeler |
INR 15,000 |
|
Electric Four-Wheeler |
INR 25,000 |
Maharashtra EV Policy - Assured Buyback and Warranty
Incentives 2021
The table outlines additional incentives that are available
to OEMs who provide buyback programs for vehicles older than five years at a
cost no higher than 7.5 percent annually. The combined incentive amount for an
OEM can be as much as INR 12,000, but they cannot be used in conjunction. After
taking all the aforementioned incentives into account, it will be based on net
worth in addition to the incentives listed in Table.
|
Incentives Description |
Incentives |
|
Assured Buyback |
6% of total vehicle cost capped at INR 10,000/- |
|
Battery
warranty of at least 5 years |
4% of total vehicle cost
capped at INR 6,000/- |
Incentives for EV Charging Infrastructure
The demand incentive is only applicable to Public and
Semi-Public Charging Stations (PCS and SPCS), as defined in Annex 1. Only after
the station has begun to operate will the charging station be qualified for the
incentive. The eligibility requirements to receive these incentives will be
specified in the operational guidelines. The FAME II charging infrastructure
incentives are not applicable to the public or semi-public charging stations.
|
Type of PCS/SPCS |
Incentive amount |
Maximum Incentive available per
PCS/SPCS |
Maximum number of PCS/SPCS to be
incentivized |
|
Slow
|
60% of the cost |
INR 10,000 |
15,000 |
|
Moderate/fast |
50% of the cost |
INR 5,00,000
|
500
|
Policy Document
Leave a Comment