Odisha Govt Announces Subsidy For Electric Vehicle Buyers; Details Here

Bhubaneswar: Here’s good news for electric vehicle buyers. Odisha government on Monday decided to provide subsidy for all categories of electric vehicles up to December 31, 2025. The decision was taken as per Odisha Electric Vehicle Policy 2021.

The subsidy is as follows:

Two-wheelers: 15 per cent of cost of the vehicle or maximum Rs 5,000

Three-wheelers: 15 per cent of the vehicle cost or Rs 10,000

Four-wheelers: 15 per cent of the vehicle cost or maximum Rs 50,000

Subsidy will be effective from September 1, 2021.

The amount will be credited to bank accounts of beneficiaries by the RTO concerned where the vehicle is 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.