Electric vehicle makers, including Revolt Motors, Ampere Vehicles, Omega Seiki and Mahindra Group, on Wednesday welcomed Maharashtra’s new electric vehicle policy, saying the move will lead to faster adoption of these vehicles.
Separately, credit ratings agency ICRA said that given the state’s sizeable contribution to overall vehicle sales in India, the policy’s allocation towards demand incentive (including early-bird DISCOUNT) is a major positive.
The Maharashtra government on Tuesday unveiled its new EV policy, with an aim, among others, to make electric vehicles achieve a 10% share of total registrations by 2025.
Maharashtra was one of the first states where Revolt started its sales in February last year, the company said adding that looking at the huge demand, it is fast scaling up its sales dealership Network in the state.
According to Revolt, the will pay Rs 10,000 per electric bike as an incentive. Customers buying an e-bike before December 31 will get an additional early-bird incentive of Rs 15,000 on top of the Rs 10,000 regular incentive, thereby making total incentive of Rs 25,000.
“The new Maharashtra EV policy is both progressive and comprehensive in nature. The policy covers all aspects of the EV ecosystem, from charging to making financing simpler