01 Nov 2021 Odisha announced full tax exemption
- Government of Odisha announced full exemption of motor vehicles taxes and registration fees on electric vehicles (EVs) in the state.
Highlights
- This decision was taken for encouraging faster adoption of EVs.
- Exemption was granted under the Odisha Motor Vehicles Taxation Act and is applicable till 2025.
- State government also proposed to extend some incentives for the manufacturers, buyers, batteries & charging stations of electric vehicles in accordance with Odisha Electric Vehicle Policy.
- Government announced an exemption of 100 per cent on motor vehicles taxes and registration fees for battery-operated vehicles.
Proposed Subsidies
- State Transport Ministry has proposed to extend 15% subsidy on two-wheelers, three-wheelers as well as four-wheelers.
- Maximum amount on respective vehicles should not exceed Rs 5,000 Rs 12,000 and Rs 100,000.
- Ministry also proposed to provide interest-free loan on the electric vehicles to state government employees. It also proposes to provide incentives to government departments & PSUs for hiring such vehicles.
- Other proposals include subsidized parking fees Electric vehicles in municipal areas and battery charging facility across parking places.
Background
- Transport department had submitted a proposal to the government to allow subsidy on e-vehicles in order to attract customers.
- Government has now approved the proposal. However, these subsidies will not be provided as per the battery capacity, like other states including Delhi and Gujarat are providing.
e-vehicle policy
- states like Delhi, Kerala, Gujarat, Andhra Pradesh and Maharashtra have implemented the “e-vehicle policy”, apart from FAME II scheme.
yojna ias daily current affairs 01 nov 2021
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