FACT SHEET INDIA MARCH 2024 Developing a mandate mechanism for the adoption of electric vehicles in the state of Maharashtra, India Maharashtra, one of the most populous and economically vibrant states of India, finds itself at a critical juncture in addressing air quality degradation in urban areas. [...] By implementing policies to target electrification in the sector, Maharashtra can realize the manifold benefits that such a transition could bring to the state and its residents. [...] Notably, the policy also emphasizes building EV manufacturing capacity in the state and the development of a ZEV credit program. [...] With the expiration of the Maharashtra state government subsidy, only central government subsidies under the FAME-II are available to consumers.2 While a third phase of the FAME scheme is indicated beyond March 2024, there remains uncertainty in the availability of incentives over the long term.3 As a short-term measure, the central government has notified the Electric Mobility Promotion Scheme, w. [...] Maharashtra can be a model to other states by creating an ecosystem that supports and accelerates the transition to EVs, benefitting the environment, public health, and the economy. Furthermore, the establishment of a ZEV credit program can position Maharashtra as a leading state for EV supply and demand, attracting investments and innovation, and enhancing the state’s competitiveness in the glob.
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