Maharashtra EV Policy Explained | Maha EV Subsidy – 2024
H. Karan Kumar
E-scooters like Ola Electric, Ather 450X, Hero Vida, etc., have the lowest on-road price in Maharashtra, and the reason behind this is Maharashtra’s EV subsidy. The high upfront cost of electric vehicles has cursed the EV market. If the future of mobility has to grow, its upfront cost has to go down, and to make it possible, the government and many companies are putting efforts on multiple fronts.
For the EV market to grow organically, the Indian government has incentivized electric vehicles and made them practical for a typical middle-class buyer. Innovative startups like 1C EV Charging, Zecat, Massive Mobility, etc., are working on making electric vehicles user-friendly in India.
With the equal participation of both government and businesses today, an electric vehicle has come down to a price that can easily compete with its ICE equivalent vehicle. But there’s a catch: the prices of electric vehicles are different for different states. Due to this, EV buyers sometimes get confused and can’t make their minds up, and to help the buyers, we’re running a blog series where we’ll be explaining the EV subsidy in each state and UT of India.
In this article, we’ll explore the EV subsidies the Maharashtra Govt provides and its policies for widespread EV adoption.
The Maharashtra EV Policy:
Policy Objectives
- The primary objective of Maharashtra EV Policy 2021 is to accelerate the adoption of BEVs in the state so that they contribute to 10% of new vehicle registrations by 2025.
- In the six targeted urban agglomerations, i.e. Mumbai, Pune, Nagpur, Nashik, Aurangabad and Amravati in the state, achieve 25% electrification of public transport
- Make Maharashtra the country’s top producer of BEVs in India in terms of annual production capacity.
- Target establishment of at least one Gigafactory for manufacturing advanced chemistry cell (ACC) batteries in the state.
- Promote research and development (R&D), innovation, and skill development across the EV ecosystem in the state.
Decrypting the Maharashtra EV Policy:
Demand-side incentives: The policy offers attractive subsidies to EV buyers. Individuals and private companies can avail of benefits like:
- Subsidy:All electric vehicles purchased and registered in Maharashtra are eligible for a 15% subsidy, capped at:
- Rs. 5,000 for two-wheelers
- Rs. 12,000 for three-wheelers
- Rs. 1 lakh for four-wheelers (with additional incentives for the first 10,000 buyers)
- Exemption from road tax and registration fees for all EVs
- Scrapping incentive: To encourage the replacement of old, polluting vehicles, the policy offers a scrappage incentive of:
- Up to Rs. 7,000 for two-wheelers
- Up to Rs. 25,000 for four-wheelers
- Focus on manufacturing: The policy also aims to boost EV manufacturing within Maharashtra by incentivising Original Equipment Manufacturers (OEMs).
Benefits of the policy:
- Reduced air pollution: By encouraging the shift towards EVs, the policy aims to improve air quality in Maharashtra’s cities, which often struggle with pollution.
- Lower running costs: EVs have significantly lower running costs than petrol and diesel vehicles, offering long-term economic benefits to owners.
- Job creation: The policy is expected to create new jobs in the EV manufacturing sector.
Current status:
As of October 2022, over 1.15 lakh electric vehicles have been registered in Maharashtra under this policy, indicating a positive response.
EV Subsidies in Maharashtra
Subsidy amounts are provided by manufacturers and reimbursed by the government. You don’t need to interact with the authorities directly.
Vehicle Type | Subsidy Amount |
Two-wheelers | Up to ₹ 10,000 |
Three-wheelers | Up to ₹ 25,000 |
Four-wheelers (specific categories) | Up to ₹ 1,00,000 |
Additional points:
- Sales targets:
- Two-wheelers: 10% of total sales
- Three-wheelers: 20% of total sales
- Four-wheelers: 5% of total sales
- Focus on increasing charging infrastructure across the state.
- “EV Update Maharashtra Summit 2024” in March 2024 to bring together key stakeholders.
Conclusion:
The Maharashtra EV Policy 2021, with its comprehensive package of subsidies and incentives, is a significant step towards promoting sustainable transportation in the state. By making EVs more affordable and accessible, the policy has the potential to contribute to a cleaner and greener future for Maharashtra.
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Bounce Infinity E1 Price, Range, Specs, & Features – 2024
H. Karan Kumar
Updated on Sept 19, 2023 | 6 min read
Bounce Infinity at a glance:
The Bounce Infinity E1 electric scooter is a compelling choice for eco-conscious commuters seeking a blend of style, performance, and affordability. With its sleek design, impressive range, and a host of smart features, the E1 promises a delightful riding experience in the urban jungle.
At the heart of the E1 lies a robust 2 kW motor that delivers a spirited 55 kmph top speed, ensuring you easily navigate city streets. The scooter’s 2.5kWh Li-ion battery boasts a remarkable range of up to 100 km, keeping you on the move without range anxiety. Moreover, the E1 features regenerative braking, which intelligently converts braking energy back into battery power, extending your range further.
Planning to set up a Charging station?
Connect with 1C for expert advice on EV chargers
Bounce infinity specifications:
Bounce Infinity Dimensions:
| Kerb weight | 94kg |
| Load Capacity | – |
| Seat height | 780mm |
| Wheel-base | 1260mm |
| Ground clearance | 155mm |
Bounce Infinity Dimensions:
Kerb weight | 94kg |
Load Capacity | – |
Seat height | 780mm |
Wheel-base | 1260mm |
Ground clearance | 155mm |
Bounce infinity features
- Drive Modes: Eco, Power and Turbo,
- Cruise Control
- Turbo Mode with Hill Assist
- Over Temperature Audio Alarm
- Digital Console
- Smartphone app support
- Combi Brake System
- 12 L boot space.
- Regenerative Braking system
Bounce Infinity price and warranty:
With a 100km range and 55km/h top speed, this scooter comes among the average segment electric scooters. The Bounce Infinity E1 is priced at ₹1,12,999/- ex-showroom, but you don’t need to pay all upfront.
Now, Lease the Bounce E1 electric scooter for an easy monthly fee and enjoy perks like free maintenance, charging support, insurance, and much more.
Bounce Infinity E1 Warranty:
Bounce Infinity comes with the best-in-class warranty for both vehicle and battery. Vehicle alone comes with 3 yrs/40000* Kms, whichever comes first. Battery alone comes with 3yrs/45000* Kms, whichever comes first.
Planning to set up a Charging station?
Connect with 1C for expert advice on EV chargers
How to book bounce infinity:
You can book the scooter by pre-booking it on the website and get it delivered by visiting the nearest Bounce Infinity showroom, but paying the full upfront cost is unnecessary. Now lease the Bounce Infinity electric scooter from Zecat and own the scooter for an easy monthly fee.
Here’s how to lease Bounce E1:
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