Odisha Extends Electric Vehicle Policy to Boost Manufacturing and Adoption

The Odisha Electric Vehicle Policy, 2021, has been extended until December 31, 2026. This extension aims to encourage the adoption of electric vehicles (EVs) and support the manufacturing of EVs and their components within the state. The Commerce and Transport Department issued the notification, citing the government's commitment to reducing carbon emissions.

The policy provides various financial incentives. These include incentives for manufacturing industries, purchase incentives, scrapping incentives, and interest subvention in loans. Additionally, the policy offers a 100% exemption from road tax and registration fees for EVs. Subsidies are available for two-wheelers, three-wheelers, four-wheelers, passenger buses, and goods carriers, with amounts varying based on vehicle type and cost.

Tata Power Advocates for Continued Policy Support in Chhattisgarh

Tata Power Renewable Energy Ltd. (TPREL) has requested a new window for open-access surcharge exemptions in Chhattisgarh. The company states that ongoing policy support is essential for maintaining the state's renewable energy expansion and drawing further industrial investment. Sanjay Banga, MD & CEO of Tata Power Renewable Energy Ltd., highlighted that while Chhattisgarh has a strong renewable energy foundation, future growth depends on delivering consistent, 24/7 power through energy storage, hybridization, flexible grids, and digital energy management.

Tata Power has expanded its operations in Chhattisgarh, including utility-scale solar, rooftop solar, electric vehicle charging, and smart metering. In March 2024, the company commissioned a 100 MW solar project in Rajnandgaon, integrated with a 120 MWh battery energy storage system. This project, executed for the Solar Energy Corporation of India (SECI), involved an investment of ₹945 crore. The company has also completed approximately 17,400 rooftop solar installations, totaling over 415 MW, and is expanding its EV charging network with 25 points across 11 towns and cities. Additionally, Tata Power has installed more than 1.4 million smart meters in Chhattisgarh through TP PowerPlus, in partnership with Chhattisgarh State Power Distribution Company Ltd. (CSPDCL).

India Targets Significant Nuclear Power Growth by 2047

India is pursuing a significant expansion of its nuclear power capacity, aiming for a tenfold increase by 2047. This initiative is part of a broader strategy to diversify the country's energy supplies and enhance energy security.

To support this growth, India is focusing on developing the necessary supply chains and skills within its borders. Policies are in place to promote domestic manufacturing of energy technologies. Additionally, the National Critical Minerals Mission is working to secure raw material supplies essential for manufacturing components in the energy sector.