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The Odisha authorities mentioned it should present 15 per cent subsidy on the acquisition of electrical autos. For 2-wheelers, the subsidy might be 15 per cent of the associated fee, as much as a most of INR 5,000. The cap on 15 per cent subsidy for three-wheelers is INR 10,000, and for four-wheelers, it’s INR 50,000, it mentioned.
The choice was taken on the ideas of Niti Aayog, and in accordance with the Odisha Electrical Automobile Coverage 2021, a notification issued on Monday by the Commerce and Transport Division mentioned.
The subsidy might be in impact from September 1, 2021 and the quantity might be credited to the financial institution accounts of beneficiaries by the RTO the place the automobile is registered. The scheme might be in place until December 31, 2025.
A devoted portal to observe info regarding gross sales, credit score of buy incentives and subsidy on loans might be arrange.
In October final 12 months, the federal government had introduced exemption of registration charges and motorized vehicle taxes on all classes of electrical autos.
EV and mobility startups need the federal government to make its production-linked incentive (PLI) scheme extra inclusive and scale back the GST on electrical two-wheelers.
TANGEDCO is planning to extend the tariff charges of the PCs and is making ready a brand new plan and awaiting Tamil Nadu Electrical energy Regulatory Fee (TNERC)’s approval for finalising the tariff. At current Metro, terminals are charging INR 10 per hour and a two-wheeler run on electrical energy can journey as much as 30 km on charging for one hour.
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