November 19, 2021

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Maharashtra signed MoU with RMI to support EVs

Maharashtra signed MoU with RMI

Maharashtra signed MoU with RMI to support EVs

The Government of Maharashtra has signed a Memorandum of Understanding (MoU) with RMI to support the adoption of and promotion of Electric Vehicles (EVs) in Maharashtra at Glasgow in the United Kingdom. As per the tie-up, RMI will provide technical support to implement the state’s recently launched EV Policy.

RMI which is working on clean energy transitions globally has partnered with RMI India which also works on India’s clean energy and mobility issues.

“We look forward to furthering our partnership on electric mobility, zero-emissions vehicles (ZEV), hydrogen fuel and decarbonisation our transport sector and urban renewal sector,” said Aaditya Thackeray, Cabinet Minister for Environment and Climate Change, at the signing of the MoU.

EV policy 2021

In July, the government of Maharashtra had unveiled its draft Electric Vehicle Policy 2021 for the faster adoption of electric vehicles in India and to achieve a 10 per cent share of total registrations by 2025. Electric vehicles in Maharashtra will attract financial incentives ranging from Rs 10,000 to Rs 20 lakh and the housing societies will get rebates in property tax for setting up charging stations.

Maharashtra aims to make up 10 per cent of all new vehicle registrations around three lakh vehicles a year in the state by 2025. The state government has rolled out a Rs 930 crore policy that’s valid till 31 March 2025. It has been said that EVs will be exempt from road tax and registration charges.

The government will offer basic and also early bird incentives on the purchase of electric two-wheelers, three-wheelers and four-wheelers. It includes an incentive of Rs 5,000 per kWh of the vehicle battery capacity. For two-wheelers and three-wheelers, the maximum incentive has been capped at Rs 10,000 and Rs 30,000, respectively. For the four-wheelers, the maximum incentive is capped at Rs 1.50 lakh.

The state will subsidise the first 100,000 electric two-wheeler buyers, who are eligible for an incentive of Rs 5,000 per kWh of battery capacity incentive limit Rs 10,000. It is offering an early bird incentive of up to Rs 15,000 (for an electric-two-wheeler with a 3 kWh battery) for those who purchase the two-wheeler before 31 December 2021. This means if the electric two-wheeler has a battery capacity of close to 3 kWh buyers will be benefitted from Rs 25,000 this year.

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