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Maharashtra EV Policy: Early Bird Benefit Scheme To Stay In Place Till March 2022

EV Ultimo Team

03-01-2022

Maharashtra EV Policy: Early Bird Benefit Scheme To Stay In Place Till March 2022

The government of Maharashtra has extended its early bird benefit scheme for electric vehicle (EV) buyers till 31st March  2022. Select variants of the Nexon EV and Tigor EV will be eligible for the additional ₹ 1 lakh subsidy in Maharashtra till March 31, 2022.


The State government declared its EV Policy earlier this year providing electric 4-wheelers an introductory incentive of ₹ 5000 per kWh capped at ₹ 1.50 lakh. In addition, an early bird incentive of ₹ 1 lakh and a scrappage subsidy of ₹ 25,000 were also announced for electric cars registered in the State. The early bird incentive was supposed to end on 31st December 2021, while the basic subsidy for electric cars was also set to be capped at ₹ 1 lakh from 1st January 2022. The Maharashtra state government’s EV policy benefits come in addition to the Fame 2 subsidy offered by the Centre.


For two-wheelers and three-wheelers, the maximum incentive under the Maharashtra EV policy has been capped at ₹ 10,000 and ₹ 30,000, respectively. Most two-wheeler brands are continuing to sell their electric vehicles without the aforementioned benefits in the state because the early bird benefit scheme is applicable only for electric cars priced under ₹ 15 lakhs. This also suggests that buying other electric SUVs like the MG ZS EV and the Hyundai Kona would not entitle buyers to these benefits. 


Regardless, uncertainties in policy implementation connected with the enduring semiconductor shortage issue in the time of a pandemic have resulted in a huge order backlog. 



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