Bhubaneswar – The Government of Odisha has released its comprehensive Draft Electric Vehicle Policy 2025, setting an ambitious target of achieving 50% electric vehicle share in all new vehicle registrations by 2030. The policy significantly expands incentive coverage across all vehicle categories while introducing innovative financing mechanisms and infrastructure development mandates to accelerate the state’s clean mobility transition.
Comprehensive Incentive Structure and Market Coverage
The Draft EV Policy 2025 extends financial incentives across all vehicle categories including two-wheelers, four-wheelers, buses, and commercial trucks, representing a substantial expansion from previous policy frameworks. The policy introduces retrofitting support for existing vehicles, enabling the conversion of conventional vehicles to electric powertrains and extending the benefits of electrification to the existing vehicle fleet.
The policy mandates the installation of fast charging stations at all fuel stations and bus depots, supported by viability gap funding for highway charging infrastructure. This comprehensive charging network development addresses one of the primary barriers to EV adoption while ensuring accessible charging across urban and rural areas.
Strategic Response to Previous Policy Shortfalls
The new policy framework acknowledges and addresses shortfalls in achieving targets under the previous 2021 EV policy, incorporating lessons learned and market feedback to enhance effectiveness. The expanded scope and enhanced incentive structure reflect the state government’s renewed commitment to electric vehicle adoption and clean transportation.
Mandatory government fleet electrification requirements ensure that the state government leads by example in EV adoption while creating a substantial captive market for electric vehicles. This public sector commitment provides demand certainty for EV manufacturers and service providers while demonstrating government confidence in electric vehicle technology.
Innovation Ecosystem and Startup Support
The policy includes specific provisions for supporting electric vehicle startups and innovation in clean mobility technologies. Startup support mechanisms include incubation facilities, technology development grants, and preferential procurement policies that enable emerging companies to access markets and scale their operations.
The comprehensive approach to EV ecosystem development includes provisions for battery manufacturing, charging infrastructure, and after-sales services. This holistic framework ensures that all components of the electric vehicle value chain receive policy support, creating a robust foundation for sustained growth in the state’s EV sector.
