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50K Subsidy For Electric Cars

Bhubaneswar: The State Government has decided to provide a subsidy of Rs 50,000 for purchase of electric four wheeler as part of its  Electric Vehicle Policy-2021.

The State Government had decided recently to provide subsidies to various buyers under the Policy during the policy period up to December 31, 2025.

As per a notification, 2021 have decided to give a maximum subsidy of Rs 5,000 for two wheelers, Rs 10,000 for three wheelers also.

 The above subsidy is applicable w.e.f. Sept 1, 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.

Notably, the State Government had published the Odisha Electric Vehicle Policy, 2021 in extraordinary issue No. 1358 dated September 2, 2021 of Odisha Gazette in order to encourage faster adoption of Electric Vehicles in the State on the advice of NITI Aayog.

Under the policy guideline, the State Government has proposed to extend a lot of incentives for the purchasers.