Odisha govt to give subsidy on purchase of EVs. Check details here

  • Odisha government has said it will give a 15 per cent subsidy on the purchase of electric vehicles.
  • Odisha announced its EV policy last year.
File photo used for representation.
File photo used for representation.

The government of Odisha on Tuesday announced that it will provide a 15 per cent subsidy on the purchase of electric vehicles. For electric two-wheelers, the subsidy will be 15 per cent of the cost, a maximum of up to 5,000. For three-wheelers, that subsidy will be 10,000 while for electric four-wheelers, it stands at 50,000, informed the state government.

According to a notification issued by the Commerce and Transport Department, the decision to give subsidy has been taken on the suggestion of Niti Aayog and in accordance with the Odisha Electric Vehicle Policy 2021. The subsidy will come into effect from September 1. The amount will be credited to the bank accounts of beneficiaries by the RTOs where the vehicles are registered. The scheme will be in place till December 31, 2025.

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The state government also shared about the setting up of a dedicated portal to monitor information related to sales, credit of purchase incentives and subsidy on loans. In October last year, the Odisha government had also announced exemption of registration fees and motor vehicle taxes on all categories of electric vehicles.

Also Read : Budget 2022: India to push for stronger EV infrastructure and battery swap tech

The state is also focusing on establishing a strong EV charging infrastructure. A past report had stated that Bhubaneswar city is set to get seven charging stations. It had mentioned places such as malls, parking lots, hotels, residential complexes, highways and workplaces will be considered on a priority basis. The officials stated this move is the first phase of building robust charging infrastructure in the city. Odisha also aims to achieve 20 per cent of its registration of battery-operated electric vehicles out of the total vehicle registration by the year 2025.

(With inputs from PTI)

First Published Date: 01 Feb 2022, 18:02 PM IST
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