The policy was approved in the state cabinet meeting chaired by Chief Minister Devendra Fadnavis. A statement said the policy will be valid till 2030 and Rs 1,993 crore will be earmarked for the sector.
"The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state," Fadnavis said after the meeting.
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He said the charging infrastructure will be strengthened under the new policy and there will be charging facilities on the national highways at a distance of 25 km. The policy also envisages implementing the Clean Mobility Transition Model by giving sops to those buying EVs till 2030.
The statement said electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses, transport undertakings under civic bodies will be given 10 per cent concession on purchase as against its original cost.
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Electric goods-carrying three-wheelers and four-wheelers, electric tractors will be given a concession of 15 per cent as against its original cost. Under this policy, registration fee will also be waived for EVs.
Also, toll will be waived for four-wheeler EV vehicles and buses using Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg. Tolls will only be 50 per cent for these vehicles plying on state and other national highways, the statement.