Maharashtra announces sops up to Rs 20 lakh for electric vehicles

Maharashtra announces sops up to Rs 20 lakh for electric vehicles
Image source: Business standard
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The state hopes electric Vehicles will make up 10 per cent of all new vehicle registrations by 2025.

Electric vehicles in Maharashtra will attract financial incentives ranging from Rs 10,000 to Rs 20 lakh and housing societies will earn rebates in property tax for setting up charging stations as part of the government’s big e-mobility.

The state hopes EVs will make up 10 per cent of all new vehicle registrations by 2025. Separate targets have been laid down for two-wheelers (10 per cent), four-wheelers (5 percent) in the electric segment. Fifteen percent of state transport buses will be converted to electric by 2025