Subsidies rise and prices of electric vehicles fall-Technology News, Firstpost

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Maharashtra has great ambition for electric vehicles in the state, which is why Maharashtra’s EV 2021 policy was introduced. Policy review introduced in 2018. Aims to make Maharastra “the leading producer of battery electric vehicles in India” (base annual production capacity), aiming for electric vehicles (EVs) to account for 10% of total new vehicle registrations in the state by 2025 (approximately 30,000 rupees per year), the state government implemented a 930 chlorine policy valid until March 31, 2025 and announced that electric vehicles will be exempt from road taxes and registration fees.

Maharashtra’s EV 2021 policy increases subsidies for electric motorcycles, electric vehicles and SUVs. Image: Tech2 / Amaan Ahmed

Maharashtra EV Policy 2021: Subsidies for Electric Motorcycles

Electric motorcycles account for the largest share of the incentives under the revised Maharashtra EV 2021 policy, as the government expects them to account for 10% of all new vehicle registrations in the state by 2025.

The state will subsidize the first 100,000 buyers of eligible electric motorcycles with an incentive of 5,000 rupees per kWh of battery capacity (incentive limit: 10,000 rupees, double the previous limit of 5,000 rupees). ). It’s lower than anything else Gujarat Maharashtra offers advance incentives of up to Rs 15,000 (for electric motorcycles with a 3 kWh battery) to those who bought a motorcycle before December 31, 2021. -The battery capacity of the motorcycle is close to 3 kWh and buyers are eligible for a total of Rs 25,000 this year.

Motorcycles with a battery capacity of up to 3 kWh will be subject to a total incentive of Rs 25,000 in 2021 and will increase to Rs 10,000 from January 2022. Image: Ather Energy

Those who buy the electric two-wheeler in 2021 will get the most out of the policy. The Ather 450 Plus, which currently sells for Rs 1.23, will effectively sell for around Rs 98,231 if purchased by the end of the calendar year. Likewise, the Ather 450X (currently priced at Rs 1.42) will drop to Rs 1.17 for the remainder of 2021. With the Revolt RV400 electric motorcycle (the current price is Rs 1.08), the price is effectively reduced to around Rs. 83,000. With road taxes and registration exemptions, their selling prices are much closer to the pre-showroom costs. There is also a Rs 7,000 scrapping incentive.

All incentives are passed directly to the manufacturers of these vehicles, eliminating the need for buyers to coordinate with government agencies to receive subsidies. In addition, manufacturers of electric two-wheelers also receive an additional incentive of up to Rs 12,000 to offer a minimum 5-year warranty on the battery and a buy-back program with warranty.

Maharashtra EV Policy 2021: Subsidies for Electric Vehicles and SUVs

The basic incentives for electric vehicles and SUVs under Maharashtra’s EV 2021 policy are the same as for electric two-wheelers. Rs5,000 per 1kWh of battery capacity. However, the subsidy is available for vehicles with a battery capacity of up to 30 kWh. This is an incentive totaling 1.5 rupees (50,000 rupees over the previous limit). It’s the equivalent of what Gujarat and Delhi have to offer, but again, sweetening the deal is an incentive for early risers. If you purchased an electric vehicle or SUV before December 31, 2021, you will benefit from an additional incentive of up to 1 lark and the total subsidy will be substantial Rs 2.5.

The price of the entry-level Tata Nexus EV will drop to Rs 11.50 lakh for the remainder of 2021. Image: Tata Motors

The price of the entry-level Tata Nexus EV will drop to Rs 11.50 lakh for the remainder of 2021. Image: Tata Motors

It is not clear at this time whether there is a fixed cap for determining eligibility for subsidies for electric vehicles, but vehicles priced above Rs 150,000 are unlikely to be eligible for the incentives. However, for EVs under Rs 15 (two variants, the Tata Tigor EV and the Tata Nexus EV), the price will drop significantly.

For the remainder of 2021, the price of the Tigor EV will drop by just over two larks. Simply put, the price of an electric compact sedan is 8.5 to 8.9 larks. Likewise, the basic version of Tatanexon EV XM will reduce the price from 13.99 rupees to around 11.49 rupees, a direct reduction of 2.5 rupees.

As a reminder, these prices will increase again by 1 rupee on January 1, 2022 when the early bird incentives are no longer offered. In addition, there is an incentive for the disposal of Rs 25,000, but the manufacturer has no incentive to offer a buy-back or reliable battery guarantee.

Maharashtra aims to subsidize 10,000 buyers of electric vehicles and SUVs under the revised policy, with electric vehicles accounting for 5% of the state’s new vehicle registrations by 2025. I want 2022 to be just about 2025. ‘electricity.

Maharashtra EV Policy 2021: Incentives and Guidelines for Charging Infrastructure

Maharashtra is working to develop a comprehensive statewide charging network, with the goal of installing around 2,500 charging stations in seven urban centers over the next four years. Of these, 1,500 will be located in the Greater Mumbai region. 500 in Pune, 150 each in Nagpur and Nasik, 75 in Aurangabad, 30 in Amravati and 20 in Solapur. The establishment of these stations covers four major highways: Mumbai-Pune, Mumbai-Nasik, Mumbai-Nagpur and Pune-Nasik.

The first 500 fast chargers installed in the state are eligible for incentives of up to 5 rupees.Image: Reuters

The first 500 fast chargers installed in the state are eligible for incentives of up to 5 rupees.Image: Reuters

Those who install the first 15,000 slow chargers are eligible for an incentive of up to Rs 10,000 per charger, and those who install the first 500 fast chargers are eligible for a grant of up to Rs 50,000 per charger. He becomes. In addition, the policy states that urban municipalities are encouraged to provide property tax refunds to install private charging infrastructure at the owner’s premises.

To further promote the adoption of electric vehicles, the government will provide 20% dedicated electric vehicle parking spaces in residential apartments, 25% in commercial facilities and facilities and 100% in government offices for all future real estate projects. Obligatory.

Maharashtra EV Policy 2021: Gigafactory plans to promote the electrification of public transport

Maharashtra also offers undisclosed supply-side incentives at this time as part of the EV 2021 policy. However, the state has announced that it will encourage the establishment of electric vehicle production facilities, from advanced chemical battery factories and electric vehicle component manufacturing plants. Maharashtra said it aims to establish at least one Gigafactory and also hosts facilities that manufacture hydrogen fuel cells. Recently, Reliance Industries Limited announced the establishment of a Hydrogen Fuel Cell Gigafactory in Jamnagar, Gujarat.

In addition, Maharashtra aims to electrify 25% of all public transport and last mile delivery solutions over the next four years in the metropolitan area of ​​Mumbai, Pune, Nagpur, Nashik and Aurangabad. By 2025, 15% of all MSRTC buses will be electrified. The government also offers incentives for electric tricycles up to Rs 30,000 (Rs 75,000 in 2021) and electric buses up to Rs 200,000. Electric vehicles sold without batteries are only eligible for 50% of the incentives. proposed.

Read again: Gujarat EV Policy 2021 Description – Electric vehicle prices are one of the most affordable in India in all of Gujarat

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