Potential Electric Vehicle (EV) buyers in the state can now avail the higher subsidy, which was announced on July 15, 2021.
see photosMaharashtra Government’s EV Policy Live; Consumers, manufacturers will benefit
The Maharashtra government has finally made live the revised Maharashtra Electric Vehicle (EV) policy for 2021. This means that potential EV buyers will be able to take advantage of higher subsidies, which include basic incentives as well as additional incentives. In a new notification, the state government has outlined the subsidy claim process for EV manufacturers. The policy exempts all electric vehicles sold in the state from road tax as well as registration fee. With the subsidy going live, the prices of electric two-wheelers in Maharashtra will be some of the lowest.
Read also: Welcome to EV Manufacturers Maharashtra EV Policy
Established players like Ather Energy, as well as new brands like Ola Electric, will benefit greatly from the subsidy announced by the state government as part of the new state EV policy that has gone live.
Electric two-wheelers will benefit from the largest share of the incentives as part of the revised Maharashtra EV Policy 2021. The government expects electric two-wheelers to account for a significant share of all new vehicle registrations in the state by 2025. The state will offer subsidy for the first 1,00,000 electric two-wheeler buyers who are eligible for an incentive of ₹5,000 per kWh of battery capacity. In fact, the incentive limit has been capped at ₹10,000, which is double the previous limit of ₹5,000. According to Tarun Mehta, CEO, Ather Energy, with the new state EV policy going live, the prices of Ather 450 and Ather 450X electric scooters will be the lowest in Maharashtra.
EV subsidy is finally going to go live in Maharashtra.
The prices of 450+ are reduced by ~24K and now it costs 1.03L in the state, which is the lowest in the country today.
Honestly, the 450+ is an attractive pricing option at a low price compared to many 125cc scooters!
— Tarun Mehta (@tarunsmehta) September 13, 2021
Read also: Maharashtra drafts new EV policy; 10 percent electrification target by 2025
Some of the leading electric two-wheeler brands like Ather Energy, Ola Electric, Revolt Motors and Okinawa are set to benefit from the Maharashtra EV policy.
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Under the new Maharashtra EV policy, there will be a base incentive of Rs 5,000 per kWh of battery capacity for electric vehicles, which is similar to that of two-wheelers. The maximum incentive for electric vehicles (four wheelers) is ₹1.5 lakh, and the minimum incentive for electric two-wheelers is ₹10,000. The new policy and subsidies will benefit most electric two-wheeler manufacturers including Ather Energy, Ola Electric, Okinawa Autotech, Revolt Motors and even Revolt Motors, although Revolt is currently not taking orders for the Revolt RV 400 electric motorcycle. Is.
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