Maharashtra Withdraws Proposed Tax on Premium EVs
| Category | Details |
|---|---|
| Event | Maharashtra withdraws proposed 6% tax on premium EVs |
| Date | Announced in 2025-26 state budget, withdrawn thereafter |
| Key Figure | Maharashtra Chief Minister |
| Proposed Tax | 6% tax on EVs priced above ₹30 lakh |
| Reason for Withdrawal | Concerns raised by stakeholders on EV adoption and revenue impact |
| EV Manufacturing Hub | Pune and Chhatrapati Sambhajinagar emerging as key EV hubs |
| Environmental Impact | Shift to EVs reduces air pollution, conventional vehicles major contributors |
| EV Adoption | Over 50% of newly registered vehicles in Maharashtra are electric |
| Electric Buses | 2,500 electric buses being introduced in phases |
| Types of EVs | BEVs (Battery Electric Vehicles), PHEVs (Plug-in Hybrid Electric Vehicles), HEVs (Hybrid Electric Vehicles) |
| BEVs | Solely rely on battery power, zero tailpipe emissions |
| PHEVs | Combine electric motor with gasoline engine, can be charged externally |
| HEVs | Use both electric motor and gasoline engine, battery charged by engine or regenerative braking |