2025
Madhya Pradesh Electric Vehicle (EV) Policy
Unlock Growth Opportunities with robust infrastructure, investor-friendly policies, and a thriving industrial ecosystem, MP offers a strategic gateway for businesses across diverse sectors.
Introduction
Introduction to the EV Policy and How Sharda Associates Can Help You.
The Madhya Pradesh Electric Vehicle (EV) Policy 2025 is a significant step toward sustainable mobility and urban transformation in the state. This strategy seeks to increase the adoption of electric cars (EVs) by providing financial and non-financial incentives to manufacturers, buyers, and infrastructure providers. The policy envisions transforming Madhya Pradesh into a leading EV hub by focusing on infrastructure development, manufacturing, charging stations, and job creation.
At Sharda Associates, we specialize in delivering comprehensive business and management consulting services to assist businesses and manufacturers in maximizing the benefits of the EV policy. We provide end-to-end solutions to ensure seamless business operations, including project report preparation, financial planning, government clearances, finance arrangements, subsidy consulting, and infrastructure assistance.
Narendra Modi
Prime Minister India​
Dr. Mohan Yadav
Chief Minister Madhya Pradesh
Benefits
Key Incentives, Subsidies & Benefits in the Scheme
The Madhya Pradesh Electric Vehicle Policy 2025 provides a variety of incentives to encourage the adoption of EVs in several segments:
Charging Infrastructure Incentives
• Small Charging Stations – 30% capital subsidy on equipment cost (up to ₹1.5 lakh) for the first 500 stations.
• Medium Charging Stations – 30% capital subsidy on equipment cost (up to ₹3 lakh) for the first 300 stations.
• Large Charging Stations – 30% capital subsidy on equipment cost (up to ₹10 lakh) for the first 200 stations.
• Battery Swapping Stations – One-time capital subsidy of 30% on investment, capped at ₹5 lakh.
Charging Infrastructure Incentives
- Capital subsidy for establishing manufacturing units.
- Reimbursement of SGST for locally manufactured EVs and components.
- Priority in land allotment and infrastructure development.
Why Partner with Sharda Associates?
We are not just consultants; we are your strategic partners. Our team of seasoned Chartered Accountants and financial experts ensures that your investment aligns with the best opportunities Madhya Pradesh has to offer. We bring clarity to complex policies and help you maximize your benefits under state incentives.
Investors
Eligible Investors & Investment Opportunities
Who Can Benefit
- EV Manufacturers–Vehicle, battery, and component manufacturers.
- Charging Infrastructure Providers–Companies setting up charging and battery-swapping stations.
- Fleet Operators–Companies looking to switch commercial fleets to EVs.
- Logistics Providers – Businesses focusing on last-mile delivery and urban logistics.
- Public Transport Operators –Government and private transport services transitioning to electric buses.
Investors
Investment Opportunities
• Setting up EV and battery manufacturing plants.
• Development of charging infrastructure and battery swapping stations.
• Establishing retrofitting and refurbishing units.
• Development of EV-specific R&D and testing centers.
• Participation in government tendering processes for infrastructure and public transport.
Highlights
Key Highlights of the Policy
- Â Designated Model EV Cities: Bhopal, Indore, Jabalpur, Gwalior, and Ujjain will serve as model cities for EV development.
- Â Single-Window Clearance: Fast-track approval process for EV-related projects.
- Â Skill Development: Courses on EV manufacturing and repair to be introduced in engineering colleges and ITIs.
- Battery Recycling: Incentives for setting up recycling units and reuse of EV batteries.
- Public Transport Electrification: 40% of public transport to switch to EVs by the end of the policy period.
- EV Tarang Portal: A dedicated online portal for accessing information and applying for incentives.
- Permit Exemptions: Electric public transport vehicles to get permit exemptions.
- Exclusive EV Zones: Green zones designated in model cities for EVs only.