Odisha announces 15 per cent subsidy on purchase of electric vehicles

Bhubaneswar: The Odisha government has said it will provide 15 per cent subsidy on the purchase of electric vehicles in the state.

For two-wheelers, the subsidy will be 15 per cent of the cost, up to a maximum of Rs 5,000. The cap on 15 per cent subsidy for three-wheelers is Rs 10,000, and for four-wheelers, it is Rs 50,000, reported PTI.

The decision was taken on the suggestions of Niti Aayog, and in accordance with the Odisha Electric Vehicle Policy 2021.

The subsidy will be in effect from September 1, 2021 and the amount will be credited to the bank accounts of beneficiaries by the RTO where the vehicle is registered.

The scheme will be in place till December 31, 2025.

In October last year, the government had announced exemption of registration fees and motor vehicle taxes on all categories of electric vehicles.