Odisha govt to provide subsidy for buying electric vehicles

Bhubaneswar: The Odisha Government is likely to provide subsidy to citizens for buying electric vehicles. A proposal of the Transport Department in this regard is likely to receive State Cabinet’s approval soon.

As per the proposal, 15% subsidy for buying two-wheelers, three-wheelers and four-wheelers will be given with a maximum subsidy amount of Rs 5000, Rs 12000 and Rs 100000, respectively.

Other major features of the proposal:
* Interest free loans to State Government employees for purchase of Electric Vehicles.

* Government Departments/ Offices, Public Sector Undertakings will give preference to hire EVs for official use and the above purchase incentives will be applicable for the owners to purchase vehicles. The Govt. Departments/ PSUs may give further incentive on hiring charges to promote EVs.

* Municipal authorities will be encouraged to provide subsidized parking for all personal EVs. Individual cities will prepare city parking plan to encourage provisions for on-street parking places for EVs with subsidized fees and EV charging.

In order to avail the above incentive, the electric two wheelers have to fulfill the performance and efficiency eligibility criteria as in FAME India Phase-II as under: