Maharashtra Extends Early Bird Incentive Scheme For Electric Vehicles Till March 31
By Seshan Vijayraghvan
1 mins read
Published on January 1, 2022
- Earlier, Maharashtra's Early Bird incentive scheme was valid till Dec 31
- Cabinet Minister Aaditya Thackeray says the response was encouraging
- Between Apr 1 - Dec 27, EV registrations in Maharashtra grew 157%
The Government of Maharashtra has extended its 'Early Bird' electric vehicle (EV) incentive scheme until March 31, 2022. The special incentive scheme, which earlier had a deadline of December 31, 2021, offers additional benefits to customers over the central government's FAME II (Faster Adoption and Manufacturing of Hybrid and Electric vehicle) scheme. The state government introduced it to promote electric vehicles, and Aaditya Thackeray, Cabinet Minister of Tourism and Environment, Maharashtra says the response was quite encouraging. And that is why the scheme has been extended by 3 months.
Encouraged by the response to the EV Policy 2021, Govt of Maharashtra has decided to extend the “early bird discount” on Electric Vehicles till 31st March 2022. pic.twitter.com/c306eHBFZK— Aaditya Thackeray (@AUThackeray) December 31, 2021
Announcing the news on social media, Thackeray said, "Encouraged by the response to the EV Policy 2021, Govt of Maharashtra has decided to extend the "early bird discount" on Electric Vehicles till 31st March 2022." The minister has also shared some statistics, which reveal that between April 1 and December 27, 2021, electric vehicle registrations saw a growth of 157 per cent in Maharashtra, compared to the previous year. EV registrations in Mumbai for the same period grew by 112 per cent.
Under the Maharashtra EV Policy, the state government is offering an incentive of Rs. 5,000 per kWh, which for an electric four-wheeler came up to Rs. 1.5 lakh. In addition to that, with its special Early Bird incentives, the state government offers EV buyers an additional benefit of Rs. 5000 per kWh, which can go up to Rs. 1 lakh.
In the case of an electric two-wheeler, the state discount has been capped at Rs. 10,000, whereas the early bird discount can go up to Rs. 15,000 (amount will differ for vehicles with different battery capacities). These incentives are only valid for the first one lakh electric two-wheeler and the first 10,000 electric four-wheelers.
As for which electric vehicles are eligible for this scheme, these subsidies are applicable on vehicles that are priced below Rs. 15 lakh. This means while models like the Tata Nexon EV and the Tigor EV are eligible for the subsidy discount, models like the MG ZS EV and Hyundai Kona Electric aren't.
Last Updated on January 1, 2022
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