Odisha Govt Hikes Electric Vehicle Subsidy: Here’s All You Need To Know

Bhubaneswar: Odisha government on Wednesday amended the Electric Vehicle Policy-2021 and enhanced the subsidy on the purchase of two-wheeler, three-wheeler and four-wheeler vehicles substantially.

A notification in this regard was issued by the Commerce and  Transport Department on Wednesday, two days after the state Cabinet approved the proposal to amend the policy.

As per the notification, “The clause 4.1.1 of the said Policy, i.e., the purchase incentive which will be effective during the policy period, has been increased.”

The maximum subsidy to be provided by the state government on the purchase of electricity-powered two-wheeler vehicles is Rs 20,000.

Similarly, maximum Rs 30,000 subsidy will be provided for three-wheelers and Rs 1.5 lakh subsidy for four-wheeler vehicles.

“However, it was found that only 4.48% of electric vehicles have been registered by the end of 2022 which is not satisfactory in comparison to the policy objective,” the notification read.

As per the existing policy, the State government has allowed 100 percent exemption of motor vehicle (MV) taxes and also registration fees for all types of battery-operated vehicles (electric vehicles) up to December 31, 2025.

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📢 Announcement!!!

Odisha Electric Vehicle Policy, 2021 amended with approval of the #OdishaCabinet. The purchase incentives for 2/3/4 wheelers have been revised and increased for faster adoption of #ElectricVehicles in #Odisha pic.twitter.com/fd1CXX12DX

— ବାଣିଜ୍ଯ ଓ ପରିବହନ ବିଭାଗ । Commerce & Transport (@CTOdisha) April 26, 2023

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