In a bid to boost electric vehicle (EV) adoption, manufacturing, and charging infrastructure in Maharashtra, the State government will offer a 10 per cent subsidy on the total cost of electric two-wheelers, four-wheelers, electric buses, and heavy vehicles.
A toll waiver has also been announced.
The outlay for the EV policy has been increased to ₹1,995 crore from the earlier ₹950 crore.
The government has also announced the construction of EV charging facilities every 25 km along state and national highways.
The new EV policy will be in effect till 2030.
businessline had earlier reported that Maharashtra ranked second in EV penetration in FY25, with 1,00,801 EVs registered during the year.
Toll exemption
EVs will also be exempt from toll charges in Maharashtra.
“All four-wheeled passenger electric vehicles and buses travelling on the Mumbai-Pune Yashwantrao Chavan Expressway, Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, and the Hindu Hriday Samrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg (Samruddhi Mahamarg) will be exempted from toll. A 50 per cent discount will be given to four-wheeled electric vehicles on other state and national highways under the jurisdiction of the Public Works Department,” mentioned a statement from the Maharashtra government.
The Maharashtra government had earlier announced a 6 per cent tax on EVs costing over ₹30 lakh.
“With goals such as achieving 10 per cent EV penetration in new vehicle registrations by 2025 and converting 25 per cent of public transport fleets in key cities to electric, the policy outlines a clear roadmap for the state’s green transition. This presents significant opportunities for the financial sector, particularly green financiers, to play a key role in enabling this shift,” said Dhiraj Agrawal, Chief Business Officer at Mufin Green Finance.
Published on April 30, 2025
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
