- Odisha Cabinet approves Electric Vehicle Policy
- objective of the Policy is to achieve adoption of 20% Battery Electric Vehicles in all vehicle registrations by 2025
Bhubaneswar: August 27: Odisha Government have decided to have a Electric Vehicle Policy.
The objective of the Policy is to achieve adoption of 20% Battery Electric Vehicles in all vehicle registrations by 2025, to promote manufacture of Electric Vehicles & its components including Battery in the State, promote innovation and facilitate Research & development in the areas relating to Electric Vehicles & Battery.
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, waiving of Road tax & registration fees during the policy period. It has been to give incentives under the Start-up Policy of MSME Department.
Odisha Government in a Press Release said, in order to reduce the rapid global temperature which is a concern for everyone for the last few decades, it is now necessary to reduce the emissions caused by different categories of vehicles plying on the road using the traditional fossil fuels since they are contributing a lot for the Climate change.
It is high time to reduce such emissions by reducing the use of such traditional fuel and accelerating the pace of adoption of electric vehicles in the vehicle segments. Hence the State Government have decided to have a Electric Vehicle Policy.
