Maharashtra Govt Signs MoU with RMI to Support EVs

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Maharashtra has signed an agreement with RMI to support electric vehicles.

A Memorandum of Understanding (MoU) has been signed by the Maharashtra government with RMI in Glasgow, Scotland, to support the incorporation and advancement of EVs in Maharashtra. According to the agreement, RMI will give technical assistance in implementing the state’s newly introduced EV policy.

RMI, which performs clean energy transformations around the world, has teamed up with RMI India, which also works on green energy and mobility problems in India.

At the MoU signing ceremony, “We look forward to expanding our collaboration on electric mobility, zero-emission vehicles (ZEV), hydrogen fuel, and decarbonizing our transport and urban renewal areas,” mentioned Aaditya Thackeray, Cabinet Minister for Environment and Climate Change, during the MoU signing ceremony.

In July, the Maharashtra government proposed the Electric Vehicle Policy 2021 in order to accelerate EV adoption in India and achieve a 10% share of total enrollments by 2025.In Maharashtra, EVs will obtain economic rewards ranging from Rs 10,000 to Rs 20 lakh, and residential societies will receive property tax rebates for installing charging stations.

By 2025, Maharashtra hopes to account for 10% of all new vehicle enrollments in the state, or about three lakh vehicles annually. The state government has implemented a Rs 930 crore strategy that will be in effect until March 31, 2025. According to reports, EVs will be exempt from road tax and registration fees.

If a person buys EVs such as two-wheelers, three-wheelers, and four-wheelers, the government will offer both fundamental and early bird rewards. It involves a Rs. 5,000 bonus per kWh of vehicle battery potential. The highest reward for two-wheelers and three-wheelers has indeed been set at Rs 10,000 and Rs 30,000, respectively. The highest incentive for four-wheelers is limited to Rs 1.50 lakhs.

Maharashtra will subsidise the first 100,000 EV purchasers of two-wheelers who will be eligible for a Rs. 5,000 reward per kWh of battery potential, with a maximum reward of Rs. 10,000. It is providing an early bird reward of up to Rs 15,000 (for an electric two-wheeler with a 3 kWh battery) to those who buy the two-wheeler prior to December 31, 2021. This implies that buyers will receive Rs 25,000 this year if their electric two-wheeler has a battery potential of nearly 3 kWh.

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