Odisha Govt Makes 100% Exemption on Taxes for Electric Vehicles

Bhubaneswar, October 30: The Odisha authorities has made 100 per cent exemption on motorcar (MV) taxes and registration charges on electrical autos in accordance with the Odisha Electric Vehicle Policy, 2021. The State Transport division issued a notification on this regard on Saturday.

"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," learn the notification. India to Require 400,000 Charging Stations For 2 Million Electric Vehicles By 2026: Report.

On the recommendation of NITI Aayog, the Odisha authorities has provide you with the Electric Vehicle Policy, 2021 in September this 12 months so as to encourage quicker adoption of electrical autos within the State.

Under the coverage, the federal government has proposed to increase monetary incentives for manufacturing industries, patrons, scrapping together with curiosity subvention in loans, waiving of street tax & registration charges in the course of the coverage interval (5 years). It has additionally determined to offer incentives below the Startup Policy.

As per the coverage, the state will present 15 per cent subsidy, a most of Rs 5,000 for two wheelers, Rs 10,000 for three-wheelers, and Rs 50,000 for four-wheelers on the bottom worth.

(The above story first appeared on SociallyKeeda on Oct 30, 2021 10:30 PM IST. For more information and updates on politics, world, sports activities, entertainment and way of life, log on to our web site sociallykeeda.com).