Odisha announces Electric Vehicle Policy to promote Electric Vehicles Manufacturing

The Odisha Cabinet on Friday approved an electric vehicle policy that aims at promoting such automobile manufacturing and the adoption of pollution-free transport. Odisha Electric Vehicle Policy, 2021 got the go-ahead during the meeting chaired by Chief Minister Naveen Patnaik. With this announcement Odisha becomes 10th state to announce policy on electric vehicles

Odisha chief secretary Suresh Mohapatra said that the policy aims to achieve a target of 20 per cent registration of battery-operated electric vehicles out of the total vehicle registration by the year 2025. With this, Odisha becomes the 10th state to have its own EV policy.

“The objective of the policy is to achieve adoption of 20 per cent electric vehicles of all automobile registrations by 2025 and to promote manufacturing of such vehicles and its components, including battery, in the state. This also aims at facilitating innovation, research & development,” Chief Secretary SC Mahapatra said.

“It is high time to reduce the emission by curbing the use of vehicles that consume fossil fuel and accelerating the pace of adoption of electric vehicles,” he said.

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Under the proposed policy guidelines, it has been decided to extend financial incentives, such as incentives available for manufacturing industries, purchase incentives, scrapping incentives, interest subvention in loans, waiver of road tax and registration fees, during the policy period.

Following subsidies will be given on the different category of vehicles:

As per the policy, a 15 per cent 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.

The policy has been framed considering the demand-supply situation, identification of sources, mining plan, environment and other statutory clearances, Mohapatra said.

“It is in accordance with the environmental regulations and to ensure adequate supply of sand for development and welfare projects,” he said.

This will help prevent illegal mining of sand and make sure a robust monitoring mechanism with the IT-enabled regulations.

The Cabinet also cleared several proposals pertaining to various departments ranging from social security and empowerment of persons with disabilities, water resources, commerce and transport to fisheries, revenue and disaster management.