Electric Vehicle EV Subsidy Policy in Maharashtra 2024 -Apply

The introduction of electric vehicles (EVs) has transformed the automobile industry due to their efficient energy consumption and low maintenance costs. To make EVs more budget-friendly, the central government offers various purchase incentives under the National FAME-II scheme. And, given the advantages, the Maharashtra government also provides further impetus to the transition.

The revised Maharashtra EV policy 2021 aims to make the state the topmost producer of battery-powered electric vehicles in India. The policy also intends to make EVs contribute 10% of all new vehicle registrations by 2025. To do so, EVs purchased in the state have been exempted from registration charges and road tax.

The state government also provides lucrative incentives for EV manufacturing, buying, and installing EV charging stations within the state. The Maharashtra EV subsidy policy will be valid for Five years from the date of issue.

Let’s have a comprehensive look at the Electric Vehicle Subsidy Policy in Maharashtra.

Subsidy Incentives for EV Buyers in Maharashtra:

• Subsidy incentives in Maharashtra are for only Battery Powered Electric Vehicle (BEV).
• Electric Vehicles registered within the state will be exempted from paying road tax and registration charges.
• The government of Maharashtra has decided to initially promote public transport EVs in six cities- Mumbai, Pune, Thane, Aurangabad, Nagpur, and Nashik.
• The first 1,000 EV private/public passenger bus owners whose vehicles are registered within the state will be eligible to avail subsidy benefits during the policy period of 5 years.
• A subsidy of 10% will be offered for private/public passenger buses registered in the state, on base price (maximum limit of Rs. 20 lakhs per vehicle). The subsidy amount will be transferred to the buyer’s bank account within 3 months of the purchase date.
• First 1, 00,000 EVs (e-2 wheeler-70,000, e-3 wheeler-20,000, and e-4 wheeler- 10,000 all categories combined) registered in the State, private transporter, and individual buyer to get end user subsidy over a policy period of 5 years. Both individual owners, as well as transportation companies, can avail of this subsidy incentive. 
• A subsidy of 15% (maximum limit of Rs.5, 000 for e-2 wheeler, Rs. 12,000 for e-3 wheeler, and Rs 1 lac for e-4 wheeler) will be available per vehicle to private transport and individual buyers for Electrical Vehicles registered in the State. The EV subsidy amount will be transferred to the buyer’s bank account within 3 months of the purchase date.

Vehicle Segment-wide Subsidy Incentives

2 Wheeler electric vehicle subsidy policy in Maharashtra:

In Maharashtra, the subsidy provided on electric two-wheelers (e-bikes or e-scooters) is Rs. 5,000 per kWh of battery capacity, with a cap of Rs. 10,000. A total of one lakh vehicles will be incentivized under the subsidy scheme. The state government also provides a Rs. 7000 scrappage incentive on electric two-wheelers.

3-wheeler electric vehicle subsidy policy in Maharashtra:

Subsidy incentive amounting to Rs. 5,000 per kWh of battery capacity, up to Rs. 30,000 is applicable on the purchase of electric three-wheeler (e-rickshaws or e-carts) in Maharashtra. The state government also provides a Rs. 15000 scrappage incentive on electric three-wheelers.

Electric four-wheelers/electric car subsidy policy in Maharashtra:

 The EV policy of Maharashtra offers a subsidy of Rs. 5,000 per kWh of battery capacity to 30 kWh, up to Rs. 1.5 lakh on the purchase of electric four-wheelers. The maximum subsidy incentive offered by the state government is Rs. 2, 75,000 for 4-wheelers, along with a scrappage amount of Rs. 25,000.

How to apply for an Electric Vehicle Subsidy in Maharashtra?

To claim EV subsidy benefits in Maharashtra, vehicle owners can:

• Visit the official website of the Maharashtra Transport Department at https://transport.maharashtra.gov.in/1035/Home.
• Now, from the Citizen Service section on the top menu, click on Apply for electric vehicle subsidy.
• Next, you’ll be redirected to a page where you have to register yourself.
• Following this, log in with your credentials, and fill out an online form for an EV subsidy claim.
• Provide mandatory details and submit the application form.
• Once the documents are verified, the EV owners can avail of subsidy benefits.

Note: The government of Maharashtra has also urged EV manufacturers to file their subsidy claims with the Directorate of Industries. EV providers can apply for a subsidy either through an online portal or by visiting its Mumbai office until the state transportation department develops a platform dedicated to subsidy claim applications.

How to check the status of the Maharashtra Electric Vehicle Subsidy Claim?

Electric Vehicle owners in Maharashtra can visit the Directorate of Industries (under the transport department) online portal to check the status of their subsidy claim. Currently, the state government is working on developing an online portal dedicated to applying for EV subsidy claims and tracking status. For Latest update GO to : https://e-amrit.niti.gov.in/home

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