Odisha Govt Makes 100% Exemption on Taxes for Electric Vehicles

Published:Nov 22, 202318:27
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Odisha Govt Makes 100% Exemption on Taxes for Electric Vehicles

Bhubaneswar, October 30: The Odisha authorities has made 100 per cent exemption on motorcar (MV) taxes and registration charges on electrical automobiles in accordance with the Odisha Electric Automobile Coverage, 2021. The State Transport division issued a notification on 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 December 31, 2025," learn the notification. India to Require 400,000 Charging Stations For two Million Electric Vehicles By 2026: Report. On the recommendation of NITI Aayog, the Odisha authorities has give you the Electric Automobile Coverage, 2021 in September this 12 months with a purpose to encourage sooner adoption of electrical automobiles within the State. Underneath the coverage, the federal government has proposed to increase monetary incentives for manufacturing industries, consumers, scrapping together with curiosity subvention in loans, waiving of street tax & registration charges through the coverage interval (5 years). It has additionally determined to provide incentives below the Startup Coverage. As per the coverage, the state will present 15 per cent subsidy, a most of Rs 5,000 for 2 wheelers, Rs 10,000 for three-wheelers, and Rs 50,000 for four-wheelers on the bottom value. (The above story first appeared on LatestLY on Oct 30, 2021 10:30 PM IST. For more news and updates on politics, world, sports activities, entertainment and life-style, go surfing to our web site latestly.com).


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