More than 64,000 electric two-wheelers gained from the subsidy
The government of Maharashtra has now removed the subsidy on electric cars. The country launched the EV policy on July 23, 2021, in an offer to encourage the use of electric car. Initially, the early bird benefits were meant just until December 31 of last year yet were extended until March 31 of this year.
The subsidy was intended for the first 1,00,000 electric two-wheelers with benefits of Rs 5,000 per kWh of battery range, and a top limit of Rs 10,000. There was a first-comer incentive of up to Rs 15,000 for EVs with a 3kWh battery as well.
Maharashtra had registered 80,606 electric cars till March of this year, of which 64,539 were electric bikes and scooters. And while the national policy has been stopped, purchasers can still gain the benefits of the FAME-II policy.
The government of Goa was the first to stop its EV subsidy policy and with the increasing demand for electric two-wheelers and new products hitting the market and expect other states in the country to follow the suit.