odisha-hikes-ev-subsidy-on-two-wheelers-to-30-000

The subsidy provided for the registration of electric two-wheelers in Odisha has been hiked to Rs 30,000 from Rs 20,000 by the state government. The decision has been taken in order to boost the EV segment. The government has incorporated this provision under its new draft Electric Vehicle Policy-2025, which will be implemented for a period of five years after receiving feedback and suggestions from stakeholders concerned, informed the transport official.

 

As per the draft policy, the government would provide an incentive at a rate of Rs 5,000 per kWh of battery capacity on registration of an electric two-wheeler in Odisha with a cap of Rs 30,000.

 

"As high battery capacity EV scooters and two-wheelers have come to the market now, we have decided to enhance the subsidy amount accordingly," the official said.

 

Apart from two-wheelers, the government also provides subsidies for battery-operated three-wheelers, four-wheelers, taxis, trucks, and buses. Under the new proposed policy, which will remain in force till 2030, the government will enhance the incentives provided for four-wheeler light motor vehicles (transport) or taxis from Rs 1.5 lakh to Rs 2 lakh.

 

 

The government would also provide an incentive of Rs 20 lakh for registration of electric buses. Incentives for other transport vehicles have also been revised.  

 

There will be a Rs 5 lakh incentive for vehicles weighing more than 3.5 tonne and less than 7.5 tonne; and Rs 7 lakh, Rs 16 lakh, Rs 18 lakh, and Rs 20 lakh for vehicles weighing less than 12 tonne, 18.5 tonne, 35 tonne, and 55 tonne, respectively.

 

These benefits will only be given to the permanent residents of Odisha. Each beneficiary can claim purchase incentives once in each vehicle segment. The policy also proposes a dedicated corpus of Rs 15 crore to fund research and development (R&D) activities.

 

The Odisha Electric Policy, 2021, which came into effect in September 2021, had an objective that EVs made up 20 per cent of the fresh registrations over the next four years, he said. Under the fresh proposed policy, Odisha is aiming that EVs to make up 50 per cent of the new registrations by 2030.