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- Maharashtra Government has announced its State Electric Vehicle Policy. Under this policy,Maharashtra has launched a new web portal for the registration of battery-operated vehicles.This portal will work as a gateway for sanction and disbursement of fiscal incentive to the buyers of Electric Vehicle (EVs),
- As per the approved policy,an enabling environment will also be created for the manufacture of nearly 5 lakh EVs in the next five years.The government has also proposed exempting e-vehicles from road tax and registration charges.In addition,15% subsidy will also be provided to owners of first 1 lakh EVs registered.
- Further,charging stations set up on public and private parking lots,fuel pumps,bus and railway stations and approved by the local planning authority will also be considered for grant of capital subsidy of 25% up to ₹10 lakh.
- Indian Government has also launched Faster Adoption and Manufacturing of Hybrid & Electric vehicles in India(FAME India) to encourage Electric Vehicles.
- FAME is part of the government’s two-pronged strategy to place India as a key driver in the global mobility revolution.The strategy is (a)boost domestic manufacturing by insisting on minimum of 50% local content in e-vehicles and (b)create massive size and scale for electric vehicles in the country to make the investments made in the sector viable.
- The FAME II is an expanded version of FAME I,launched in 2015 which aimed to support hybrid/electric vehicles market development and Manufacturing ecosystem.The FAME scheme is part of the National Electric Mobility Mission Plan (NEMMP).It aims to achieve national fuel security by promoting hybrid and electric vehicles in the country.
