Odisha Electric Vehicle Subsidy Scheme 2022 – 15% Subsidy on Purchase of EVs

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Odisha Electric Vehicle Subsidy Scheme 2022 has been introduced by CM Naveen Patnaik. Under this scheme, the state govt. will present 15% subsidy on buy of electrical autos. The foremost goal of this scheme is to advertise buy of EVs throughout the state. This subsidy quantity could be relevant to 2 wheelers, 3 wheelers and 4 wheelers. In this text, we are going to let you know in regards to the full particulars of Odisha EV Subsidy Scheme.

Odisha Electric Vehicle Subsidy Scheme 2022

The determination to start out Odisha Electric Vehicle Subsidy Scheme 2022 was taken on the recommendations of Niti Aayog. This Odisha EV Subsidy Scheme is in accordance with the Odisha Electric Vehicle Policy 2021 as per the notification issued by the Commerce and Transport Department.

Odisha EV Subsidy Amount

Under the Odisha Electric Vehicle Subsidy Scheme, the state govt. will present subsidy quantity on buy of EVs which might be as follows:-

  • For 2 wheelers, the subsidy quantity could be 15% of the price of two wheeler, upto a most of Rs. 5000.
  • For 3 wheelers, the subsidy quantity could be 15% of the associated fee for 3 wheeler, upto a max. of Rs. 10,000.
  • For 4 wheelers, the subsidy quantity could be 15% of the price of 4 wheeler, upto a max. of Rs. 50,000.

Duration of Electric Vehicle Subsidy Scheme in Odisha

The Electric Vehicle Subsidy shall be in impact from 1 September 2021 and the quantity shall be credited to the financial institution accounts of beneficiaries by the RTO the place the car is registered. The Odisha EV Subsidy scheme shall be in place until 31 December 2025.

Odisha Electric Vehicle Subsidy Portal

A devoted portal to watch info regarding gross sales, credit score of buy incentives and subsidy on loans shall be set as much as promote buy of EVs. To promote utilization of electrical autos, the state govt. had introduced exemption of registration charges and motorized vehicle taxes on all classes of electrical autos in October 2021.

Source / Reference Link: https://economictimes.indiatimes.com/industry/renewables/odisha-announces-15-subsidy-on-purchase-of-electric-vehicles/articleshow/89271726.cms

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With inputs from Sarkariyojana

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