In a bid to encourage the people of the State to adopt electric vehicles, the Odisha government has made 100 per cent exemption on taxes and registration fees in accordance with the Odisha Electric Vehicle Policy, 2021.
The State Transport Department has issued a notification in this regard on Saturday.
"The state government in exercise of the powers conferred under the Odisha Motor Vehicles Taxation Act, 1975, do hereby allow 100 per cent exemption of motor vehicles taxes and also registration fees in respect of all types of battery operated vehicles (electric vehicles) during the policy period, i.e. up to 31, 2025," read the notification.
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On the advice of Niti Ayoga, the Odisha government came up with the Electric Vehicle Policy 2021 on September 2 this year in order to encourage the faster adoption of electric vehicles in the State.
Under the policy guidelines, the State government has proposed to extend financial incentives for the purchasers, manufacturers of EVs, batteries and charging stations.
The government will also provide interest subvention in loans, waiving of road tax and registration fees during the policy period of five years.
As per the policy, the State government will provide 15 per cent subsidy, a maximum of Rs 5,000 for two wheelers, Rs 10,000 for three-wheelers, and Rs 50,000 for four-wheelers on the base price.
(Edited by Pradeep Singh)