Odisha govt announces tax exemption, registration fee waiver for Electric Vehicles
Bhubaneswar: Odisha government announced exemption of motor vehicles taxes and registration fees on electric vehicles (EVs) in the state, as per official notification.
Reportedly, on the advice of NITI Aayog, the State government have published the Odisha Electric Vehicle Policy 2021 in order to encourage faster adoption of Electric Vehicles in the State.
Under the policy guideline, the State Government has proposed to extend a lot of incentives for the purchasers. The Manufacturers of EVs, Batteries and Charging stations which are to be extended by different Stake Holder Departments.
As the first step this Department has exempted the registration fees and Motor Vehicle Taxes for all categories of Electric Vehicles, added reports.
The State Government in terms of clause 4.1.1 of Odisha Electric Vehicle Policy 2021 has decided to give subsidy to various Electric Vehicle Buyers during the Policy period upto 31.12.2025 as follows:
The above subsidy is applicable with effect from 01.09.2021 and the amount will be credited to the Bank Accounts of the beneficiaries by the concerned RTO where the vehicle is registered / will be registered.
The Transport Commissioner with the help of NIC/ OCAC will develop a dedicated Portal to monitor all information relating to EV sales, crediting of purchase incentives, subsidy on loans for purchase of EV etc.