Maharashtra Government Withdraws Two-wheeler Electric Vehicle Subsidy

Through our dealer sources we have found out that the Maharashtra government has withdrawn subsidy on two-wheeled electric vehicles. The state had introduced the EV subsidy policy on July 23, 2021 in a bid to promote the use of electric vehicles. Initially, the early bird benefits were meant only until December 31, 2021 but were extended until March 31, 2022.

The subsidy was meant for the first 1,00,000 electric two-wheelers with benefits of Rs 5,000 per kWh of battery capacity, and a maximum limit of Rs 10,000. There was also an early bird incentive of up to Rs 15,000 for EVs with a 3kWh battery. However, dealer sources indicate that the subsidy has been withdrawn for the past couple of months. We aren't sure whether the subsidy has been withdrawn for EV four-wheelers and will be updating the article as and when we receive further details. 

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Till March 2022, Maharashtra had registered 80,606 electric vehicles, of which 64,539 were electric motorcycles and scooters. And while the state policy has been discontinued, buyers can still reap the benefits of the FAME-II policy. 

The Goa government was the first to discontinue its EV subsidy policy and with the growing demand for electric two-wheelers and new products reaching our market, we expect other states to follow suit.