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making Maharashtra as the most favoured economic magnet and centre of attraction for EV

EV Tech In India

Written by : Ayushi Gupta

Electric vehicle technology is viewed globally to be the game changer and the future of transportation sector. It offers immense benefits such as increased safety, lower maintenance expenses and most importantly it is eco-friendly. Government, Global industry successfully demonstrated that electric vehicle is sustainable, practical, affordable and safe.

Maharashtra government has launched a policy “national electric Mobility mission plan” (NEMMP). Their vision is to have 6 million electric and hybrid vehicles on India’s road by 2021. By this mission, it targets to save around 120 million barrels of oil and 4 million tons of carbon dioxide and lowering of vehicular emissions by 1.3 percent by promoting use of electric vehicle. Maharashtra Government envisions to build their city as a model state in EV.

VISION :

Maharashtra government envisions to make their city as a globally competitive state for electric vehicle and component manufacturing. They wan to maximize the adoption of EV in Maharashtra.

MISSION:

Their mission is to place the Maharashtra amongst the most preferred investment destination for global investors through promotional strategies combined with developing a competitive and sustainable investment environment, therefore, making Maharashtra as one of the most favoured economic magnet and centre of attraction of India for EV.

OBJECTIVES OF POLICY:

  1.  Their first and foremost objective is to develop Maharashtra as the leader in EV manufacturing and use of it.
  2.  creating employment opportunities.
  3.  Promoting export of EV, battery, components and charging equipments.
  4.  Promoting R and D, innovation and skill development in EV sector.
  5.  Promoting sustainable transport system.

TARGETS OF POLICY:

  1.  Increasing in the number of Electric Vehicles registered in Maharashtra.
  2.  Generating an investment of Rs. 25,000 crores in EV, manufacturing more electric vehicles and component manufacturing , battery manufacturing and assembly enterprises and charging infrastructure , equipment manufacturing.
  3.  Creating jobs for 1,00,000 persons.

STRATEGIC DRIVERS OF POLICY:

EV POLICY MEASURE BY MAHARASHTRA GOVERNMENT:

 Incentives for buyers:

  1.  Subsidies to be given to first 1000 EV passenger buses over a policy period of 5 years.
  2.  Mumbai, Aurangabad, Pune, Nashik, Thane and Nagpur identified as cities for initial promotion of EV in public transport.
  3.  End-user subsidy will be provided to first 100000 EV which includes: 70000 -2 wheelers, 20000- 3 wheelers and 10000 four wheelers over a policy period of 5 years.
  4.  A period of 3 months is fixed within which the subsidies has to be transferred in the buyers account.
  5.  Registered Private transport and individual buyer for electric vehicle will get 15% subsidy per vehicle which includes a maximum limit of Rs 5000 for 2 wheelers, 12000 for 3 wheelers and RS 100000 for 4 wheelers.
  6.  Exemption from road tax and registration fees for Electric vehicles.

Promotion of R&D, Innovation and Skill Development:

  1. R&D centres, finishing schools and employment oriented centres focusing on EV technology will be established (Based on assessment by high power committee).
  2. Training based certifications and placement programmes in the field of EV technology will be provided by agencies like The Maharashtra State Board of Technical Education, Maharashtra State Skill Development Society.

EV charging:

  1. Residential areas, societies, bus depots, Public Parking areas, railway stations and fuel pumps etc. will be allowed to have common charging points.
  2. A 25% capital subsidy on equipment/machinery will be provided to first 250 commercial EV charging stations for 2 wheelers, 3 wheelers, buses and cars. This subsidy will be limited up to Rs 10 lakhs per station.
  3. Facility of Robotic Battery Swapping Arm will be created at public bus stations if required.

Incentives for manufacturing EV technology:

  1. Under the Electric vehicle policy -2018, MSMEs and large units manufacturing Electric vehicles or its components will be eligible for incentives as per Package Scheme of Incentives (PSI).
  2. There will be a package of incentive for Pioneer Units, Mega Units & Ultra Mega Units manufacturing Electric vehicles which can be modified with the recommendation of High power committee.

 

With these EV policies the government of Maharashtra aims to achieve its vision and objectives mentioned above. Not only Maharashtra has taken initiatives by launching Electric vehicles policy in India; Delhi, Telangana, Karnataka and many other states understood the importance of EV’s and its future in India and launched different policies for their respective states. Their vision might be different but the ultimate goal is to reduce pollution in India by promoting electric vehicles.

 

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