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Maharashtra Electric Vehicle Policy 2021
The Maharashtra government has introduced Maharashtra electric vehicle policy 2021 to accelerate the adoption of BEVs in the state so that they contribute to 10% of new vehicle registrations by 2025. The Government of Maharashtra will provide fiscal incentives, to the buyers of EVs in the state.
The incentives are linked to the vehicle type—two-wheelers, three-wheelers, four-wheelers, and buses— and to the vehicle use case. Vehicle models approved under the FAME II Scheme of Govt of India will be eligible for these incentives and the state incentives will be provided in addition to FAME II incentives.
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)
|Electric 3 Wheeler autos (L5M)||5000/kwh|
|Electric 3 Wheeler goods carrier (L5N)||5000/kwh|
|Electric 4 Wheeler cars (M1)||5000/kwh|
|Electric 4 Wheeler goods carrier (N1)||5000/kwh|
|Electric buses||10% of vehicle Cost|
Vehicle Segment-wise Scrappage Incentives
The vehicles eligible for demand incentives under this policy will be eligible for the scrappage incentive. Vehicle segment-wise scrappage incentives are described in Table Scrappage incentive shall be reimbursed by the Government of Maharashtra provided:
- 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|
Assured Buyback and Warranty Incentives in Maharashtra EV Policy 2021
OEMs that offer buyback schemes for vehicles older than 5 years at a price not exceeding 7.5 percent per annum will be eligible for additional incentives as per the table. An OEM can avail both the incentives together, however, the total incentive amount will be limited to INR 12,000. It will be based on net worth over and above the incentives mentioned in Table 2 after considering all the above 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
Public and Semi-Public Charging Stations (PCS and SPCS), as defined in Annex 1, shall be eligible for demand incentive. The charging station will be eligible for the incentive only after the station starts operating. The operational guidelines will define the eligibility criteria for availing of these incentives. Public and semi-public charging stations availing FAME II charging infrastructure incentives will not be eligible for these incentives.
|Type of PCS/SPCS||Incentive amount||Maximum Incentive available per PCS/SPCS||Maximum number of PCS/SPCS to be incentivized|
|60% of the cost||INR 10,000||15,000|
|Moderate/fast||50% of the cost|