Maharashtra Cabinet Approves New EV Policy With Tax Exemptions, Toll Waivers And Charging Infrastructure Plans

The Maharashtra Cabinet approved the Maharashtra Electric Vehicle Policy, 2025. The policy will remain valid until 2030 and aims to reduce carbon and greenhouse gas emissions from the transport sector in the state.

The state has allocated Rs 1,093 crore for the next five years to implement the policy. It will also introduce a Clean Mobility Transition Model focused on reducing environmental impact while encouraging energy-efficient mobility.

As part of the policy, all electric vehicles sold and registered in Maharashtra will be exempt from motor vehicle tax, registration fees and renewal charges.

Electric four-wheelers and electric buses using the Mumbai-Pune Expressway, Atal Setu, and Samruddhi Mahamarg will be fully exempt from toll charges.

On other state and national highways maintained by the Public Works Department, electric four-wheelers will receive a 50% toll discount.

Electric two-wheelers, three-wheelers, transport four-wheelers, and buses—including those under public and private transport corporations—will receive a 10% discount on their base price.

Goods three-wheelers, light and heavy electric goods vehicles (N2, N3), electric tractors and integrated electric harvesters for agriculture will receive a 15% discount on the base price.

The policy mandates the installation of electric vehicle charging stations every 25 kilometers along state and national highways to improve accessibility and support EV usage across longer routes.

Dhiraj Agrawal- Chief Business Officer at Mufin Green Finance, said, "The Maharashtra government's updated Electric Vehicle (EV) policy signals a decisive move toward sustainable urban mobility. With goals such as achieving 10% EV penetration in new vehicle registrations by 2025 and converting 25% 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."