Odisha Allows 100% Tax Exemption On Electric Vehicles
In a major incentive to attract more buyers and accelerate the adoption of electric vehicles, the Odisha Government has decided to waive cent per cent tax and registration fees on battery-operated vehicles till 2025. This has been done under the Odisha Electric Vehicle Policy, 2021, which seeks to promote the new class of vehicles.
The State Transport Department issued a notification in this regard on Saturday. “The state government in exercise of the powers conferred under the Odisha Motor Vehicles Taxation Act, 1975, do hereby allow 100 per cent exemption of motor vehicles taxes and also registration fees in respect of all types of battery-operated vehicles (electric vehicles) during the policy period, i.e. up to 31, 2025,” read the notification.
On the advice of Niti Aayog, the Odisha government came up with the Electric Vehicle Policy 2021 on September 2 this year to encourage faster adoption of electric vehicles in the State.
Under the policy guidelines, the State government has proposed to extend financial incentives for the purchasers, manufacturers of EVs, batteries and charging stations. The government will also provide interest subvention in loans, waiving of road tax and registration fees during the policy period of five years.
On Sunday, Chief Minister Naveen Patnaik took to Twitter to announce the decision publicly. “In a major boost to electronic vehicles (EV) in Odisha, the State Govt has announced 100% exemption on Motor Vehicle Tax & Registration Fees for EVs. This is applicable till Dec 31, 2025, for all types of Battery Operated Vehicles & will help achieve sustainable development,” the CM tweeted.