Blog

Highlights of Maharashtra EV Policy (2018) – Incentives, Subsidies, Exemptions of Electric Vehicle Policy


Last updated: Feb 2020 by Narasimhan Santhanam



This posevnext-logo-v-smallt is a part of EV Next’s EV Perspectives.

EV Nexta division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.


Introduction

The Maharashtra state government cabinet has given its nod to the state’s Electric Vehicle Policy 2018. A notification issued by the state government stated that all three segments of the electric vehicle (EV) sector – manufacturing, creation of infrastructure, and consumers – are accounted for in the policy.

Objectives

  • Make Maharashtra leader in EV manufacturing and use
  • Create new employment opportunities
  • Promote export of EV, EV components and charging equipment
  • Promote R&D, innovation and skill development in the EV Sector
  • Promote sustainable transportation system

Targets

  1. Electric Vehicles: Increase number of EV registered in Maharashtra to 5,00,000 during the policy period. Initially Government of Maharashtra to promote EV in public transport in six cities i.e. Mumbai, Pune, Aurangabad, Thane, Nagpur and Nashik
  2. Manufacturing: To generate an investment of Rs.25,000 crores in EV, EV manufacturing and component manufacturing, battery manufacturing/assembly enterprises and charging infrastructure equipment manufacturing in the state.
  3. Other: To create 1,00,000 jobs in the state

Incentives

Demand Incentives:

  • Commercial public EV charging stations for 2Ws, 3Ws, cars and buses will be eligible for 25% capital subsidy on equipment/machinery (limited up to
  • Rs. 10 lacs per station) for first 250 commercial public EV charging stations.
  • First 1,000 EV private/public passenger bus buyer whose vehicles are registered in the state will be eligible for user subsidy over policy period of 5 years.
  • 10% subsidy for passenger buses registered in the State to private/public bus transport buyer, on base price (maximum limit of Rs. 20 lacs per vehicle) will be eligible to buyer.
  • First 1,00,000 EV (2-wheeler-70,000, 3- wheeler-20,000 and 4-wheeler-10,000 all categories combined) registered in the State, private transporter and individual buyer to get end user subsidy over policy period of 5 years.
  • 15% subsidy (maximum limit of Rs.5,000 for 2-wheeler, Rs. 12,000 for 3-wheeler, and Rs 1 lac for 4-wheeler) per vehicle to private transport and individual buyer for Electrical Vehicles registered in the State, on base price will be paid to buyer. Subsidy will be transferred to buyer’s bank account within 3 months of purchase date.

Supply Incentives:

  • The package of incentives to Pioneer Units, Mega Units and Ultra MegaUnits, Large Units and MSMEs manufacturing Electric vehicles shall be as per the ‘Template of Incentives’.
  • Under the Electric Vehicle Policy-2018, throughout the state, manufacturing MSMEs and Large units will be eligible for incentives as per Package Scheme of Incentives (PSI)

Other Taxes and Tolls:

Exemption from road tax and registration fees for Electric Vehicles.

Non-fiscal incentives:

  • Petrol pumps will be allowed to setup charging station freely subject to charging station areas qualifying fire and safety standard norms of relevant authorities under relevant acts/rules
  • Development Control Rules (DCR) of all local self-Government and Special Planning Authorities will be suitably modified to allow for setting up of common public charging facilities in parking areas of malls, residential properties and parking areas etc.
  • As per requirement facility of Robotic Battery Swapping Arm will be created at public bus stations.

Other Significant Features

Promotion of R&D, Innovation and Skill Development in EV Sector:

a) Based on an assessment of feasibility and other details by the High-Power committee, proposal will be prepared for the establishment of centre of excellence and research and development centres, finishing schools and other employment-oriented centres.

b) The Maharashtra State Board of Technical Education (MSBTE), Maharashtra State Skill Development Society (MSSDS) and other agencies will institute training-based certification and placement programmes. They would collaborate with National Automotive Board (NAB) and other associations to understand their human resource requirements. Based on these requirements, a merit based, defined certification and placement procedure shall be instituted so that appropriate manpower is created for the EV industry.

 

 

Read EV Next posts on electric vehicle policies for these states: Andhra Pradesh|Delhi|Karnataka|Kerala|Tamil Nadu|Telangana|Uttar Pradesh|Uttrakhand|


evnext-logo-v-smallKnow more on how EV Next can assist your business in your strategy for the e-mobility and electric vehicles sectors, Here

Wish to know everything about India’s EV market from one place? Check out the India EV Expert Guide, an 800 page comprehensive guide to the Indian EV marketHere


 

 See also the blog posts:

Comprehensive Inputs on Indian EV Ecosystem

Check out the following sections for comprehensive inputs on Indian EV ecosystem (click on each section for more details)


Categories: E-mobility, Electric Vehicles, EV Policies & Regulations, India State EV Policies, Policies and Regulations

Author - Narasimhan Santhanam


Thank you for reading this post – hope it was helpful. You can connect with me at narsi@eai.in. My detailed profile here and my LinkedIn profile here

Related Posts


About EAI and BioBiz for Bio-CNG

BioBiz for bio-CNG, EAI's specialized consulting division for bio-CNG, provides assistance in market research, strategy consulting, technology vendor/supplier finder assistance and more for the complete bio-CNG value chain – feedstock sourcing, logistics, pre-processing techniques, anaerobic digestion, biogas scrubbing, biogas upgradation, end user markets for bio-CNG and digestate, and more. Send a note to consult@eai.in if you wish to take BioBiz’s assistance for the Indian bio-CNG market.

About EAI & EV Next

EV Next, EAI's specialized consulting division, provides assistance in market research, strategy consulting, technology vendor/supplier finder assistance and more for the complete EV value chain - Li-ion & Lead Acid Battery Cells & Battery Packs, BMS, Battery Manufacturing equipment, EV charging station, battery swapping station, Li-ion & Lead Acid battery recycling, and for a range of electric vehicles - e-bikes, electric bicycles, electric scooters, electric motorbikes, electric autos, e-autos, e-rickshaws, electric trucks, electric LCVs, electric buses and more. Send a note to consult@eai.in if you wish to take EV Next assistance for the Indian electric vehicle market.



Devising Your EV Strategy: White Paper from EAI.


Leave a Comment ( 0 ) →



Leave a Comment

X

Name

Email

Mobile

Company Name

X

Name(*)

Email(*)

Mobile

Company Name

X

Name(*)

Email(*)

Mobile

Company Name

X

Name(*)

Email(*)

Mobile

Company Name

//