Use of electric vehicles is an important component in achieving the Sustainable Development Goals. Maharashtra Electric Vehicle Policy, 2021 is approved for implementation from the date of issuance of this GR till 31st March, 2025. This policy shall apply exclusively to Battery Electric Vehicles sold and registered in the State of Maharashtra. Mild Hybrid, Strong Hybrid, and Plug-in Hybrid Electric Vehicles are not covered under this policy.
EV policy offers industries all the benefits under the ‘D+’ category of mega projects. Benefits would be provided irrespective of the location of the manufacturing unit in the State. D+ category benefits will be provided to all the industries in the least developed parts of Maharashtra.
| Sr. No. | Vehicle segment | Incentive available (INR/ kWh) | No. of vehicles to be incentivized | Maximum incentive per vehicle (INR) |
|---|---|---|---|---|
| 1 | e-2W (L1 & L2) | INR 5000 | 1,00,000 | 10,000 |
| 2 | e-3W autos (L5M) | INR 5000 | 15,000 | 30,000 |
| 3 | e-3W goods carrier (L5N) | INR 5000 | 10,000 | 30,000 |
| 4 | e-4W cars (M1) | INR 5000 | 10,000 | 1,50,000 |
| 5 | e-4W goods carrier (N1) | INR 5000 | 10,000 | 1,00,000 |
| 6 | e-buses* | 10% of vehicle** cost | 1,000 | 20,00,000 |
| Sr. No. | Vehicle segment | Scrappage Incentive |
|---|---|---|
| 1. | 2W | Up to INR 7,000 |
| 2. | 3W | Up to INR 15,000 |
| 3. | 4W | Up to INR 25,000 |
The Maharashtra EV policy will give OEMs extra incentives for providing additional incentives (to be passed on to the customers) in order to solve these concerns for the electric 2W and 3W users.
| Sr. No. | Description of Incentives | Incentives |
|---|---|---|
| 1. | Assured Buyback, (up to 5 years with depreciation rate not more than 7.5% per year) | 6% of total vehicle cost capped at INR 10,000/- |
| 2. | Battery warranty of at least 5 years | 4% of total vehicle cost capped at INR 6,000/- |
Public and semi-public charging stations, shall be eligible for charging infrastructure incentives as (PCS and SPCS), Energy Dept. will be responsible for the disbursement of these incentives
| Sr. No. | Type of PCS/SPCS** | Incentive amount | Maximum Incentive available per PCS/SPCS | Maximum number of PCS/SPCS to be incentivized |
|---|---|---|---|---|
| 1. | Slow | 60% of the cost * | INR 10,000 | 15,000 |
| 2. | Moderate/fast | 50% of the cost * | INR 5,00,000 | 500 |
Apart from other incentives, the policy envisages Supply Side Incentives, Urban Development Dept. and Other Depts, Zero Emission Vehicle (ZEV) Credit Program, Upskilling, training and Job creation and Monitoring and Implementation Mechanism in the state.
Interlink Capital provides comprehensive advisory services to businesses seeking to capitalize on the incentives and subsidies outlined in the Maharashtra Electric Vehicle Policy, 2021. This includes assistance with understanding eligibility criteria, accessing subsidies for EV purchases, navigating tax incentives, and maximizing benefits related to EV charging infrastructure development.
Yes, the policy includes provisions to encourage the manufacturing and supply of electric vehicle components within Maharashtra. This may include subsidies, tax incentives, or other forms of support for companies engaged in manufacturing batteries, motors, charging equipment, and other essential EV components.
Eligibility criteria vary depending on the specific incentives and schemes outlined in the policy. Generally, individuals, businesses, government agencies, and other organizations involved in the purchase, operation, or manufacturing of electric vehicles or related infrastructure may be eligible for incentives.