Odisha govt to provide subsidy to electric vehicle buyers; see details
Bhubaneswar: The Odisha government decided to provide subsidy to electric vehicle buyers for all categories of EVs up to December 31, 2025. The decision has been taken as per the Odisha Electric Vehicle Policy 2021.
For two-wheeler electric vehicles, 15% of cost of the vehicle or maximum Rs 5,000 will be provided as subsidy. For three-wheeler electric vehicles, 15% of the vehicle cost or Rs 10,000 will be given as subsidy. To four-wheeler electric vehicle buyers, the subsidy will be 15% of the vehicle cost or maximum Rs 50,000.
The subsidy is applicable with effective from September 1, 2021 and the amount will be credited to bank accounts of beneficiaries by the concerned RTO where the vehicle is registered and will be registered.
The Transport commissioner with the help of NIC or OCAC will develop a dedicated portal to monitor information relating to EV sales, crediting of purchase incentives, subsidy on loans for purchase of EV.
Earlier, the Commerce and Transport Department exempted the registration fees and motor vehicle taxes for all categories of electric vehicles on October 29, 2021.