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Home » Blog » Maharashtra EV Policy Boosts Charging Network
Policy

Maharashtra EV Policy Boosts Charging Network

Sunita
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Sunita
Last updated: 17 June 2025
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5 Min Read
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The state will support public EV charging operators with viability gap funding to set up new charging stations across Maharashtra.

Contents
  • 🔋 Incentives Get a Wider Net
  • 🛣️ Toll-Free Highways for EVs: A First for India
  • ⚡ Charging Infrastructure to Expand Rapidly
  • 📊 EV Adoption: The Numbers Speak
  • 🧭 Industry Reaction

In a landmark move set to reshape India’s electric mobility landscape, the Government of Maharashtra has unveiled its Electric Vehicle Policy 2025, aiming for a 30% share of EVs in new vehicle registrations by 2030. With a substantial outlay of ₹1,995 crore, this ambitious policy places a strong emphasis on accelerating charging infrastructure, addressing one of the key bottlenecks in EV adoption.

As per the India EV tracking data, Maharashtra stood second in the country for EV sales in 2024, contributing 12% to the national total, trailing only Uttar Pradesh. The new policy signals the state’s intent to not only retain but strengthen its leadership in India’s EV transition.

🔋 Incentives Get a Wider Net

Speaking to media, Sanjay Sethi, Additional Chief Secretary (Transport), confirmed that the number of vehicle categories eligible for state incentives has grown from five to thirteen. This includes high-emission heavy commercial vehicles, private buses, utility vehicles, trailers, dumper trucks, and even agricultural trailers—a significant shift toward inclusivity in EV support.

Under the new policy:

  • Incentives will range from ₹10,000 for electric two-wheelers to ₹20 lakh for e-buses.
  • Private buses, previously excluded, are now eligible for subsidy.
  • Urban utility and waste transport fleets operated by municipal corporations will also benefit.

🛣️ Toll-Free Highways for EVs: A First for India

In an unprecedented step, key highways in Maharashtra will become toll-free for EVs, including:

  • Mumbai–Pune Expressway
  • Samruddhi Mahamarg (Nagpur–Mumbai)
  • Atal Setu (Mumbai Trans Harbour Link)
  • Plus, phased toll waivers on all PWD-maintained highways

This initiative is expected to not only incentivize EV purchases but also reduce operating costs for fleet owners and long-haul transporters.

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⚡ Charging Infrastructure to Expand Rapidly

Maharashtra is tackling the infrastructure gap head-on. Sethi confirmed:

  • MOUs will be signed with oil marketing companies to deploy chargers at fuel stations (target: 60–70% coverage).
  • All state transport depots to have dedicated EV charging spaces.
  • Viability gap funding of up to ₹10 lakh per station for new public charging operators.
  • Mandatory EV charging points in new residential societies; existing ones can opt-in with 50% resident approval.
  • Commercial buildings must also install chargers.
  • Urban areas to have designated battery recycling zones in dumping yards.

These efforts aim to overcome the issue of charging deserts—especially in densely populated metros like Mumbai and along critical freight corridors.


📊 EV Adoption: The Numbers Speak

As of January 1, 2025, Maharashtra had 48.8 million registered vehicles, up from 45.8 million the previous year. EVs saw impressive growth:

  • BEVs registered as of Dec 2024: 644,779
  • Up from 394,337 in Dec 2023—a year-on-year growth of 63%

This robust increase reflects growing consumer confidence, but stakeholders agree that charging infrastructure remains the key to sustaining this momentum.

🧭 Industry Reaction

While automakers are analyzing the full scope of the new policy, industry insiders welcomed the forward-looking approach.

“If implemented effectively, this policy can drastically reduce range anxiety and operating costs, especially for commercial fleets,” said a senior executive at a leading OEM. “We hope to see fast charger deployment beyond major urban centers, extending into rural and highway networks.”

Maharashtra’s latest policy marks a turning point for India’s EV movement. With a bold vision, financial commitment, and actionable strategies, the state sets a new benchmark. If the charging infra expansion keeps pace with vehicle growth, this policy could become the blueprint for other states to emulate in India’s race toward net-zero transportation.

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What: India’s finance ministry has directed public sector banks, insurers, and financial institutions to reduce operational spending and accelerate adoption of electric vehicles across official fleets. The move is part of a wider austerity push linked to rising global economic uncertainty and fuel-related risks. The Number: The directive impacts major public institutions including State Bank of India, Bank of Baroda, and Life Insurance Corporation of India, covering millions of employees and thousands of operational vehicles nationwide. The Impact: The policy signals a new phase of institutional fleet electrification in India, where EV adoption is now being tied directly to fiscal discipline, fuel import management, and public-sector operational efficiency. The Core News India’s finance ministry has formally instructed state-run financial institutions to implement strict expenditure controls while simultaneously accelerating EV adoption for official transport operations. The directive from the Department of Financial Services asks organisations to replace petrol and diesel vehicles used at head offices and branch operations with electric vehicles “as far as possible.” The order comes amid growing concern over the economic impact of prolonged geopolitical instability in West Asia, which threatens to increase crude oil prices, widen India’s import bill, and pressure the rupee. Alongside the EV transition mandate, the government has also pushed virtual meetings, reduced foreign travel, and tighter administrative spending controls across public-sector institutions. For India’s EV ecosystem, the directive is strategically important because it expands demand visibility beyond state transport undertakings and government departments into the financial sector itself. PSU banks and insurers operate one of the country’s largest distributed office networks, including regional offices, branch fleets, field operations, and administrative mobility services. Even a phased transition could create a sizeable procurement pipeline for electric passenger vehicles, charging infrastructure providers, and fleet management companies. Breaking Down the Update • The Department of Financial Services issued the austerity and EV adoption directive to PSU banks, insurers, and financial institutions. • The government wants petrol and diesel vehicles used in official operations to be progressively replaced by EVs wherever operationally feasible. • The policy push follows Prime Minister Narendra Modi’s appeal for fuel conservation and controlled discretionary spending amid global energy uncertainty. • The directive also mandates greater use of video conferencing to reduce travel-related operational expenditure. • The move could indirectly support domestic EV OEMs, leasing firms, and charging infrastructure operators through institutional procurement demand. • The banking and insurance sector may emerge as a new enterprise fleet electrification category in India’s EV transition roadmap. How PSU banks EV adoption will help Indian EV Market The expansion of PSU banks EV adoption could create a strong institutional demand layer for India’s electric mobility sector. Public sector banks and insurers operate thousands of branch offices across urban, semi-urban, and rural India. Their transition to EV fleets can generate predictable procurement volumes for domestic automakers, especially in the electric sedan, compact SUV, and commercial mobility segments. Beyond vehicle sales, the policy may also accelerate deployment of workplace charging infrastructure at bank headquarters, zonal offices, and regional branches. This can support charger utilisation economics while helping normalise EV infrastructure in tier-2 and tier-3 cities. Another important impact is signalling. When large state-linked financial institutions adopt EVs as operational assets rather than pilot projects, it improves confidence across the broader enterprise mobility market. Private banks, NBFCs, and insurance firms could eventually follow similar fleet transition models to reduce long-term fuel and maintenance costs. PSU banks EV adoption also aligns with India’s larger energy security strategy. Lower petroleum consumption in institutional fleets directly supports efforts to reduce crude import dependence while stabilising operational expenditure during periods of volatile global oil prices. Conclusion & Next Steps The government’s push toward PSU banks EV adoption reflects a broader shift where EV deployment is increasingly being linked with macroeconomic resilience rather than only sustainability targets. Execution, however, will depend on procurement timelines, charging infrastructure readiness, and operational suitability across
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