Maharashtra is set to be charged up with electric vehicles as the state has announced a new EV policy that makes electric vehicles cheaper for consumers.
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The Maharashtra EV Policy 2021 will provide incentives of Rs 5,000 per kilowatt-hour of battery capacity to buyers of all types of electric vehicles. The subsidy will be directly transferred to the beneficiaries within 30 days.
For those who buy EVs by 31 December this year, there will be an additional ‘early bird discount’ of Rs 5,000 per kilowatt-hour.
The scheme is valid till 31 March 2025 and by then aims to convert 10% of all new vehicles sold in the state to electric.
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