Odisha Approves Electric Vehicle Policy, State To Offer Incentives And Interest-Free Loans On Electric Vehicle Purchase | Automotive News


New Delhi: The Odisha state government has joined a small list of states that have approved their own electric vehicle policy to help transition from petroleum-based vehicles to cleaner electric vehicles.

The Odisha State Cabinet headed by Chief Minister Naveen Patnaik on Friday, August 27, approved the Electric Vehicle Policy 2021, aimed at promoting the use of electric vehicles in the state.

The government aims to have around 20% electric vehicles on the road by 2025 with the implementation of the Electric Vehicle Policy, 2021.

Chief Secretary Suresh Chandra Mahapatra said: “The aim is to reduce emissions caused by the use of traditional vehicles running on fossil fuels and to promote the manufacture of electric vehicles.

“The cabinet made various decisions… key cabinet decisions included approving the promotion of the use of electric vehicles in the state through different types of incentives and the Odisha Sand-2021 policy to ensure a adequate supply of sand for development projects and construction. works. The main objective of the sand policy is to prevent the illegal exploitation of sand, ”Mahapatra said.

Under the new policy, buyers will receive a 15% subsidy of up to Rs 5,000 on the purchase of two-wheelers, while buyers of electric three-wheelers will be eligible for a 15% subsidy. worth up to Rs 12,000. On the purchase of four-wheeled vehicles, the Odisha State Government will offer a 15% subsidy worth up to Rs 1,000,000. . Also read: Accounts Involved in Sharing Explicit Content and Pornography on Twitter: Report

In addition, state government employees will be able to benefit from a 100% interest-free loan on the purchase of electric vehicles on loan. The policy also requires municipal agencies to provide subsidized parking spaces for electric vehicles. Also Read: RBI Imposes Rs 6 Million Penalty On 4 White Label ATM Operators

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