9 hrs ago

Odisha Extends Electric Vehicle Policy Through December 2026

Odisha has decided to keep its electric vehicle policy in place until December 31, 2026.

The policy is meant to encourage people to use electric vehicles and support their manufacture in the state.

The government says this can help reduce carbon emissions.

Buyers can receive subsidies, and electric vehicles are exempt from road tax and registration fees under the policy.

The policy also offers incentives for manufacturers and some other costs.

The subsidy amount depends on the kind of vehicle.

For example, the stated maximum subsidy is Rs 20,000 for a two-wheeler and Rs 1.5 lakh for a four-wheeler.

The government announced the extension in a notification issued on Saturday.

Key facts

Policy: Odisha Electric Vehicle Policy, 2021
Extended validity: Until December 31, 2026
Notification issuer: Odisha Commerce and Transport department
Road tax and registration fees: 100% exemption under the policy
Two-wheeler subsidy: 15% of vehicle cost, capped at Rs 5,000, or Rs 5,000 per kWh up to Rs 20,000
Four-wheeler subsidy: 15% of vehicle cost, capped at Rs 50,000, or Rs 10,000 per kWh up to Rs 1.5 lakh
Passenger bus subsidy: 10% of vehicle cost, ranging from Rs 4 lakh to Rs 20 lakh depending on specifications
Other incentives: Manufacturing and scrapping incentives, loan interest subvention, and purchase incentives

thehansindia.com · 9 hrs ago