Maharashtra announces sops up to Rs 20 lakh for electric vehicles

Housing societies to get property tax rebate for setting up charging stations; State targets 10% share of EVs in total registrations by 2025

Electric vehicles in Maharashtra will attract financial incentives ranging from Rs 10,000 to Rs 20 lakh and housing societies will earn rebates in property tax for setting up charging stations as part of government's big e-mobility push.

The state government announced its electric vehicle policy on Tuesday offering sops for fresh purchases, scrappage and manufacturing of e-vehicles, components and batteries.

The state hopes EVs will make up 10 per cent of all new vehicle registrations by 2025. Separate targets have been laid down for two-wheelers (10 per cent), four-wheelers (5 per cent) in the electric segment. Fifteen per cent of