Maha: New electric vehicle policy targets 10% new vehicle registrations by 2025
Mumbai, July 13 Setting an ambitious target of 10% for all battery electric vehicle (BEV) registrations by 2025, the government of Maharashtra unveiled its new electric vehicle (EVP) policy on Tuesday with a host of incentives and attractions for customers.
The EVP was released by Environment Minister Aditya Thackeray, along with Minister of State for Environment Sanjay Bansode and other senior officials, with the aim of supporting sustainable and clean mobility solutions that comply with the guidelines of the Center.
Targeting 10 percent of electric vehicles in new vehicle registrations, which would represent 10 percent of two-wheelers, 20 percent of three-wheelers and 5 percent of four-wheelers, the policy hopes that at least 25 percent of the urban fleet operated by fleet operators / aggregators will switch to electric vehicles, comprising e-com companies, last mile operators, logistics players and mobility aggregators in urban centers.
In the five targeted urban centers, the government aims to electrify 25% of public transport and convert 15% of Maharashtra State Road Transport Corporation’s existing fleet to electric vehicles by 2025.
The state hopes to become the country’s largest electric vehicle producer in terms of annual production capacity, establish an electric vehicle fund, and form a national electric vehicle secretariat to monitor the progress of policy implementation in the past. day by day.
The government has also set urban targets for public and semi-public charging stations on all roads, including highways, and plans to establish at least one Giga factory to manufacture advanced chemistry cell batteries, promote research and development, as well as innovation and skills development. encompassing the entire ecosystem of electric vehicles.
The main incentives offered include people opting for electric vehicles, except electric buses, before December 31, 2021, becoming eligible for a maximum discount of up to Rs 100,000 on the vehicle battery depending on the capacity in kWh.
For electric vehicles sold without a battery, 50% of the incentive will go to the vehicle’s original equipment manufacturer and the remainder to the battery swap energy operator.
All electric vehicles will be exempt from road tax and the issuance or renewal of registration certificate and other scrapping incentives, while banks and FIIs will offer preferential interest rates to customers of the vehicles. electric in segments such as electric cars, utility vehicles or taxis, in addition to incentives or pricing. stations.
On the supply side, all the benefits of the D-Plus category of megaprojects / other categories will be extended to industries engaged in EV component manufacturing, vehicle assembly, battery assembly, cell manufacturing , recycling of EVs and EV batteries, regardless of the location of the manufacturing unit in the state.
Disclaimer: This article was posted automatically from an agency feed without any text changes and has not been reviewed by an editor
Open in app