Bhubaneswar: To achieve adoption of at least 20% of electric battery vehicles in all vehicle registration in 2025, the Country Cabinet led by the Head of Minister of Naveen Patnaik on Friday approved the Odisha Electric Vehicle (EV) policy, 2021.
This policy also aims to promote manufacturing Electric vehicles and components include batteries in the state, promoting innovation and facilitating research and development in areas related to EVS and batteries.
Chief Secretary of the Suresh Chandra Mohaparna said that under the EV policy guidelines, it was decided to expand financial incentives such as incentives available for EV industry manufacture, buy incentives, cleaning incentives, ownership subventives, road tax harding and registration fees during point policy.
Justifying the policy needs, the team’s secretary is said to reduce rapid global temperatures that are a concern for everyone over the past few decades, now it is necessary to reduce emissions caused by various categories of vehicles using fossil fuels.
Because they contribute a lot to climate change.
“A high time to reduce these emissions by reducing the use of traditional fuel and accelerating the rate of adoption of electric vehicles,” said Mohapatra.
In accordance with the provisions of the policy, the state government offers a purchase incentive of around 15% in various EV categories that will reach Rs 5,000 for two wheels, Rs 12,000 for tricycle and up to RS 1 Lakh for four wheels.
The state government will also provide 100% interest-free loans to state government employees for EV purchases.
Similarly, the government department, office, public sector business will now provide preference to employ and buy EV for official use.
In addition, city authorities will provide subsidized parking for all private EV while the government also allows city administration to prepare city parking plans to encourage the provisions for the parking lot on the road to EV at charging and charging costs.
The policy said that the state government would provide the right incentives and other support to ensure that pure electric buses were at least 50% of all new stage cars obtained for city buses in the next five years.
To promote the creation of EV and their components and to attract new investments in this sector, incentives such as SGST replacement, all incentives in industrial policy resolution and MSME policy are offered.
Small and micro battery manufacturing units will also be facilitated with various incentives.
As the availability of filling infrastructure is the key to EVS adoption, the state government ensures to provide the environment to enable the formation of personal and public charging infrastructure.
The official source in the Ministry of Commerce and Transportation said a total of 26.22 lakh vehicles from various categories were registered in the state in the past four years where the two wheels were almost 82%.