The state of Odisha announced Electric vehicle Policy 2021. The primary aim of the policy is to accelerate the pace of adoption of electric vehicles in the vehicle segments especially in the category of two wheelers, three wheelers and LMVs .The policy shall focus to drive rapid adoption of Battery Electric Vehicles to contribute a substantial percentage of all new vehicles in the years to come and bring about improvement in the air quality in Odisha in general and all major cities in particular. The policy will be valid for a period of 5 years.
Different incentives will be available for industries for manufacturing electric vehicles and for individuals for purchase. Interest subvention in loans, waiving of road tax and registration fees are also proposed.
A 15% subsidy for buying electric motorcycles, three-wheelers and four-wheelers will be provided with a maximum amount of Rs 5,000, Rs 12,000 and Rs 1,00,000, respectively.
Please refer the document for more details.