Bhubaneswar: In a major decision, the State Cabinet, which met this evening under the chairmanship of Chief Minister Naveen Patnaik approved the Odisha Electric Vehicle Policy-2021.
The State government in a press release said, “In order to reduce the rapid global temperate which is a concern of everyone for the last few decades, it is now necessary to reduce the emission caused by different categories of vehicles plying on the road using the traditional fossil fuels since they are contributing a lot for climate change. It is high time to reduce such emissions by reducing the use of such traditional fuel and accelerating the pace of adoption of electric vehicles in the vehicle segments. Hence the State Government has decided to have Electric Vehicle Policy.”
“The objective of the policy is to achieve adoption of 20 per cent Battery Electric Vehicles in all vehicle registrations by 2025, to promote the manufacture of Electric Vehicle & its components including Battery in the State, promote innovation and facilitate Research & development in the areas relating to Electric Vehicles & Battery,” added the press release.
The State government further said that under the proposed policy guidelines, it has been decided to extend Financial Incentives such as incentives available for manufacturing industries, purchase incentives, scrapping incentives, interest subvention in loans, waving of Road tax & registration fees during the policy period. It has been decided to give incentives under the Start-up Policy of MSME Department.
Ms Kalinga