The Maharashtra government had launched the Early Bird Incentive Scheme to promote the sale of electric vehicles in the state, and was earlier valid till December 31, 2021. The state government says the response was quite encouraging.
see photosMaharashtra’s early bird discount on EVs was till December 31, 2021
The Maharashtra government has extended its ‘Early Bird’ Electric Vehicle (EV) incentive scheme till March 31, 2022. The special incentive scheme, which earlier had a deadline of December 31, 2021, offers additional benefits to customers on the central government’s FAME. II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) Scheme. The state government introduced it to promote electric vehicles, and Maharashtra’s tourism and environment minister, Aaditya Thackeray, says the response was quite encouraging. And that’s why this plan has been extended for 3 months.
Read also: Maharashtra EV Policy Live; Electric two-wheelers will be more economical
Buoyed by the response to EV Policy 2021, the Maharashtra government has decided to extend the “early bird exemption” on electric vehicles till March 31, 2022. pic.twitter.com/c306eHBFZK
—Aditya Thackeray (@AUThackeray) 31 December 2021
Announcing the news on social media, Thackeray said, “Encouraged by the response to EV Policy 2021, the Maharashtra government has decided to extend the “early bird discount” on electric vehicles till March 31, 2022.” The minister has also shared some figures, which show that between April 1 and December 27, 2021, the registration of electric vehicles in Maharashtra has seen an increase of 157 percent over the previous year. In the same period, the registration of electric vehicles in Mumbai increased by 112 percent.
Read also: Maharashtra EV Policy 2021: State incentives on electric vehicles explained
Under the Maharashtra EV policy, the state government is offering an incentive of ₹5,000 per kWh, which comes out to ₹1.5 lakh for an electric four wheeler. Also, with its special early bird incentive, the state government offers EV buyers an additional benefit of ₹5000 per kWh, which can go up to ₹1 lakh.
These incentives are valid only for the first one lakh electric two wheelers and first 10,000 electric four wheelers
In the case of electric two-wheelers, the state exemption has been capped at ₹10,000, while the early bird exemption can go up to ₹15,000 (the amount will vary for vehicles with different battery capacities). These incentives are valid only for the first one lakh electric two wheelers and first 10,000 electric four wheelers.
Read also: Maharashtra EV Policy: Manufacturers welcome new policy, expect sales growth
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As far as electric vehicles are eligible for this scheme, this subsidy is applicable on vehicles whose cost is less than ₹15 lakh. This means that while models like Tata Nexon EV and Tigor EV are eligible for subsidy exemption, models like MG ZS EV and Hyundai Kona Electric are not.
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