1. New Maharashtra EV Policy targets 30% EV penetration by 2030.

Maharashtra state government has issued its new EV Policy under which it aims to achieve 30% EV penetration by 2030. An order has been issued to provide complete toll waiver to passenger EVs on Mumbai-Pune Expressway, Samruddhi Mahamarg (Mumbai-Nagpur Expressway) & Mumbai Trans Harbour Link (Atal Setu). The policy also states that all new vehicles purchased by government departments must be electric. The policy mentions incentives of up to Rs 2 lakh for electric four-wheelers used for transport and Rs 20 lakh for electric buses. All subsidies are listed below:

The Maharashtra EV Policy 2025 mentions developing EV charging infrastructure at 25 km intervals along highways. Also, it will be ensured that there is at least one EV charging station at every government office parking space. All new residential buildings must be 100% EV charging ready, with at least one community charging point. New commercial buildings must reserve 50% of parking for EV charging, while 20% of space in existing commercial buildings with shared parking must have operational chargers. The policy also features Viability Gap Funding (VGF) to support the installation of DC fast-charging stations. The figures for the same are listed below:

For more details on Maharashtra EV Policy 2025, have a look at Kazam’s LinkedIn post here.

2. BYD overtakes Tesla in electric car sales in Europe.

In a significant moment for the global EV industry, Chinese automaker BYD has overtaken Tesla in EV sales in Europe for the first time. In April 2025, BYD sold 7231 electric cars, edging past Tesla’s 7165 units.

BYD’s dramatic rise is mostly attributed to its affordable & diverse product lineup. The company’s YoY growth in Europe was 359% in April, regardless of trade barriers. The European Union has imposed a 17% tariff on BYD cars as part of a broader effort to limit the influx of low cost Chinese EVs. In contrast, Tesla, which imports some of cars from China, was imposed with a lower 7.8% tariff. Despite this obstacle, BYD’s affordable pricing and stylish designs continue to resonate with European consumers. Tesla, on the other hand, is facing multiple challenges. The company’s European sales dropped by 49% YoY in April, mainly due to controversies surrounding CEO Elon Musk.

3. TVS secures an order to supply 500 passenger electric 3-wheelers.

TVS has signed an agreement with OOR Cabs to deliver 500 TVS King EV Max passenger electric three-wheelers within the current financial year. The company handed over the first 10 units during the agreement signing ceremony. OOR Cabs will deploy the King EV Max for intracity transport across Tamil Nadu. The cab aggregator will deploy the E3W first in Tiruchirappalli, followed by Madurai and then Coimbatore.

The TVS King EV Max comes with a 9.2 kWh LFP battery which gives a range of 179 km. Using a 3 kW EV charger, the vehicle can charge from 0-80% in 2 hrs 15 mins and from 0-100% in 3 hrs 30 mins.

4. Government drafts guidelines for Virtual Power Purchase Agreements (VPPAs).

In the thick of evolving corporate sustainability goals, Virtual Power Purchase Agreements (VPPAs) have emerged as a tactical tool for clean energy procurement. VPPAs allow corporates to claim Renewable Energy Certificates (RECs) without taking physical delivery of electricity. Unlike traditional Power Purchase Agreements (PPAs), where a company directly bought electricity from a renewable energy developer, a VPPA is a hedging mechanism. India has set an ambitious target of reaching 500 GW of power capacity from non-fossil fuel sources by 2030. To help meet this goal, the Central Electricity Regulatory Commission (CERC) has released draft guidelines for VPPAs.

The ‘Draft Guidelines for Virtual Power Purchase Agreements’ provide a framework which enables corporates to fulfil their ‘Renewable Consumption Obligations’ (RCOs) without requiring physical delivery of electricity. The guidelines will include provisions for contract standardization, financial settlement mechanisms, certifications, registry coordination & transparent tracking systems. In the draft, CERC has also pointed out that VPPAs are not tradable and are considered private contracts between the buyer and the renewable energy seller. They are not treated as securities and are outside the purview of SEBI.

5. New solar cell tech by IIT Bombay expected to slash costs.

Researchers at IIT Bombay have developed a high efficiency tandem solar cell with power conversion efficiency of approximately 30%. At present, this power conversion efficiency is around 20%.

This development is being seen as a major breakthrough in the field of solar technology as it may bring down the cost of solar electricity. ART-PV India, a startup founded at IIT Bombay and the state government of Maharashtra are collaborating on the project. State-owned Mahagenco has been assigned to look out for commercial aspect of this solar tech.

For complete energy management & EV charging solutions, explore the Kazam website and reach out to us at business@kazam.in