Grant rose, electric car prices fell sharply – Technology News, Firstpost

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The State of Maharashtra has ambitious targets for the electrification of vehicles in the State and to this end it has introduced the Maharashtra EV Policy 2021; review of the policy introduced in 2018. The goal is to make Maharashtra “India’s largest manufacturer of battery-powered electric vehicles” (annual production capacity) and aim for electric vehicles to account for 10 per cent of all new vehicle registrations – about three lakes per year – in the state by 2025. Until 31 March 2025, and announced that electric cars will be exempt from road taxes and registration fees.

Maharashtra EV Policy 2021 provides additional support for both electric two-wheelers as well as electric and SUVs.  Photo: Tech2 / Amaan Ahmed

Maharashtra EV Policy 2021 provides additional support for both electric two-wheelers as well as electric and SUVs. Photo: Tech2 / Amaan Ahmed

Maharashtra EV Policy 2021: Support for Electric Bicycles

Most of the incentives are for electric two-wheelers as part of the revised Maharashtra EV policy in 2021, as the government expects them to make 10 percent of all new vehicle registrations in the state by 2025.

The state supports the first 100,000 buyers of electric bicycles who can be granted an incentive of Rs 5,000 / kWh per battery capacity (incentive limit: Rs 10,000; twice the previous upper limit of Rs 5,000). Although it is smaller than what State of Gujarat In its offer, Maharashtra is offering an early bird incentive of up to Rs 15,000 (for an electric bike with a 3 kWh battery) for those who buy a two-wheeler before 31 December 2021. This means that the selected e-two-wheeler has a battery capacity of almost 3 kWh a total benefit of Rs 25,000.

Two-wheelers with a battery capacity of up to 3 kWh can be granted a total incentive of Rs 25,000 in 2021, which will fall to Rs 10,000 from January 2022.  Photo: Ather Energy

Two-wheelers with a battery capacity of up to 3 kWh can be granted a total incentive of Rs 25,000 in 2021, which will fall to Rs 10,000 from January 2022. Photo: Ather Energy

Those who buy an electric bike in 2021 will make the most of the policy. The Ather 450 Plus – currently priced at 1.23 by law – would be practically about 98,231 rubles for those who buy it before the end of the calendar year. Similarly, the price of the Ather 450X, currently priced at 1.42, will drop to 1.17 on strike by the end of 2021. The Revolt RV400 electric motorcycle, currently priced at 1.08 floors, would appear to be priced at around Rs 83,000. and after the release of registration, their road prices would be fairly close to the cost of their showroom. There is also a scrapping incentive of Rs 7,000.

All incentives will be handed over directly to the manufacturers of these vehicles in order to save buyers the effort of coordinating with government agencies for their support. In addition, manufacturers of two-wheel motorcycles will also receive an additional incentive of up to Rs 12,000 to provide a five-year battery warranty and a secure buy-back scheme.

Maharashtra EV Policy 2021: Support for Electric Cars and SUVs

The basic incentive for Maharashtra EV Policy 2021 for electric cars and SUVs is the same as for e-two-wheelers – Rs 5,000 / kWh battery capacity. However, the support can be used by vehicles with a battery capacity of up to 30 kWh, which provides an incentive for a total incentive of 1.5 laks (50,000 rubles from the previous limit). It’s similar to what Gujarat and Delhi have to offer, but once again, sweetening the trade is an early bird incentive. For those who purchase an electric car or SUV before 31 December 2021, there is an additional incentive of up to Rs 1 million, bringing the total subsidy to a substantial Rs 2.5.

The price of the entry-level Tata Nexon EV is expected to fall to 11.50 on the stage by the end of 2021. Photo: Tata Motors

The price of the entry-level Tata Nexon EV is expected to fall to 11.50 on the stage by the end of 2021. Photo: Tata Motors

Although it is unclear at this stage whether there is a fixed ceiling for determining the eligibility of electric cars for aid, it is unlikely that vehicles costing more than Rs 15 million will be eligible for incentives. However, EV cars under the Rs 15 lakh brand – the Tata Tigor EV and two versions of the Tata Nexon EV – are seeing a huge drop in price.

At least for the rest of 2021, prices for the Tigor EV will fall just over Rs 2, which would mean that the compact electric sedan would be priced between 8.5 and 8.9 LH. Similarly, the basic version of the Tata Nexon EV XM sees its price drop from Rs 13.99 to around Rs 11.49 per capita – a direct discount of Rs 2.5 per cap.

Please note that these rates will rise again as soon as 1 Act 1 January 2022, when the early bird incentive is no longer available. In addition, there is a scrapping incentive of Rs 25,000, but there are no incentives for manufacturers to offer a secure buy-back or battery warranty.

Maharashtra aims to support 10,000 buyers of electric cars and SUVs in line with revised practice and hopes that electric cars will account for 5% of the state’s new vehicle registrations by 2025. To this end, it has notified all new vehicles entered the government fleet since April. The year 2022 is electric only.

Maharashtra EV Policy 2021: Infrastructure Incentives and Guidelines

Maharashtra is working to develop a comprehensive charging network across the state and aims to set up about 2,500 charging stations in seven urban hubs over the next four years. 1,500 of these are to be established in the Greater Mumbai area; 500 in Pune, 150 in Nagpur and Nashik, 75 in Aurangabad, 30 in Amravat and 20 in Solapur. The establishment of these stations will cover four main roads – Mumbai-Pune, Mumbai-Nashik, Mumbai-Nagpur and Pune-Nashik.

The first 500 quick chargers to be installed in the state can be encouraged for up to 5 million rubles.  Photo: Reuters

The first 500 quick chargers to be installed in the state can be encouraged for up to 5 million rubles. Photo: Reuters

The founder of the first 15,000 slow chargers will receive an incentive of up to Rs 10,000 per charger, and the founders of the first 500 quick chargers will receive a grant of up to Rs 5 / charger / charger. In addition, the policy states that local urban bodies are encouraged to provide property tax credits to homeowners for setting up private charging infrastructure on their premises.

To further promote the introduction of EV, the government has made dedicated EV-ready parking spaces mandatory for all future real estate projects in housing within 20%, in institutional and commercial complexes at 25% and in government agencies at 100%.

Maharashtra EV policy 2021: Gigafactory planned, accelerating public transport electrification

As part of its EV policy in 2021, Maharashtra will also provide supply incentives that have not yet been announced. However, the state has revealed that it encourages the establishment of EV production facilities, advanced chemical cell battery factories, and EV component manufacturing facilities. Maharashtra has announced that it is working to establish at least one Gigafactory, and also welcomes the facility to manufacture hydrogen fuel cells. Recently, Reliance Industries announced the establishment of a hydrogen fuel cell at Gigafactory in Jamnagar, Gujarat.

In addition, Maharashtra will target 25 percent of all public transportation and last-mile delivery solutions for electrification over the next four years in Greater Mumbai, Pune, Nagpur, Nashik and Aurangabad. 15% of all MSRTC buses will be electrified by 2025. The government also offers incentives of up to 30,000 rubles for e-tricycles (75,000 rubles in 2021) and 20 l track for electric buses. Only 50% of the proposed incentives can be granted for battery-free electric cars.

Also read: Gujarat’s EV policy from 2021 explained – Electric vehicle prices must be one of the lowest in all of India in Gujarat

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