Odisha Government Makes 100% Exemption On Taxes For Electric Vehicles

The Odisha Government has made a 100 per cent exemption on motor vehicle (MV) taxes and registration fees on electric vehicles in accordance with the Odisha Electric Vehicle Policy, 2021.

According to the reports, the State Transport department issued a notification where it stated – “The state government in exercise of the powers conferred under the Odisha Motor Vehicles Taxation Act, 1975, do hereby allow 100 per cent exemption of motor vehicles taxes and also registration fees in respect of all types of battery-operated vehicles (electric vehicles) during the policy period, i.e., up to December 31, 2025.”

As per the reports, the Odisha government has come up with the Electric Vehicle Policy, 2021 in September this year in order to encourage faster adoption of electric vehicles in the State. Under the policy, the government has proposed to extend financial incentives for manufacturing industries, buyers, scrapping along with interest subvention in loans, waiving of road tax & registration fees during the policy period (five years). It has also decided to give incentives under the Startup Policy.

As per the policy, the state will provide a 15 per cent subsidy, a maximum of Rs 5,000 for two-wheelers, Rs 10,000 for three-wheelers, and Rs 50,000 for four-wheelers on the base price.

Pic Courtesy – Google

 

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