Maharashtra extends Early Bird Incentive Scheme for EVs

The Government of Maharashtra had presented the Early Bird Incentive Scheme for EVs sales in the state; earlier, it was valid until December 31, 2021. However, the state government says the response was quite encouraging.

The Government of Maharashtra has extended its ‘Early Bird’ electric vehicle (EV) incentive scheme until March 31, 2022.

The unique 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 Incentive Scheme for EVs promotion, 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 three months.

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 March 31, 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 percent in Maharashtra, compared to the previous year. EV registrations in Mumbai for the same period grew by 112 percent.

Under the Maharashtra Incentive Scheme for EVs Policy, the state government is offering an incentive of ₹ 5,000 per kWh, which for an electric four-wheeler came up to ₹ 1.5 lakh. In addition to that, with its special Early Bird incentives, the state government offers EV buyers an additional benefit of ₹ 5000 per kWh, which can go up to ₹ 1 lakh.

These stimuli are only helpful for the first one lakh electric two-wheeler and the first 10,000 electric four-wheelers.

In the case of an electric two-wheeler, the state discount has been capped at ₹ 10,000, whereas the early bird discount can go up to ₹ 15,000 (the amount will differ for vehicles with different battery capacities). These incentives are only valid for the top 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 apply to vehicles priced below ₹ 15 lakh. It 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.

An EV is a vehicle that utilizes one or more electric motors for propulsion. A collector system can power it. It has electricity from extravehicular sources or is powered autonomously by a battery. EVs include but are not restricted to road and rail vehicles, surface and marine vessels, aircraft, and spacecraft.

EVs first came into reality in the mid-19th century, when electricity was among the selected methods for motor vehicle propulsion, supplying a level of comfort and comfort of the process that could not be completed by the gasoline cars of the period. Internal combustion engines were the chief propulsion technique for vehicles and trucks for about 100 years. Still, electric power stayed commonplace in other vehicle types, like trains and smaller automobiles of all kinds.

In the 21st century, EVs have noticed a resurgence due to technical developments, an increased emphasis on renewable energy, and the potential deduction of transportation’s influence on climate change and other environmental matters. Project Drawdown defines EVas as one of the 100 best contemporary solutions to climate change.
Government incentives to improve adoption were first presented in the late 2000s, including in the United States and the EU, leading to a growing vehicle market in the 2010s.

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