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Draft Maharashtra EV policy moots 15% subsidy on price of electric vehicles

Draft Maharashtra EV policy moots 15% subsidy on price of electric vehicles

The Maharashtra government is finalising a policy to encourage manufacturing as well as purchase of electric vehicles. According to the draft policy, a copy of which was accessed exclusively by ET, the measures include refunding the state goods and services tax (SGST) to the manufacturers and offering a subsidy to those buying electric vehicles.

The state envisages manufacturing of about one lakh electric vehicles per year in the next three to five years, officials said. read more →

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