Delhi government announces EV policy, up to Rs 1.5 lakh subsidy for electric passenger vehicles
The Delhi state government has announced a new EV policy that will be implemented in this region. The aim is to put 5 lakh electric vehicles on Delhi roads in the next five years. The aim is to increase the number of EVs on Delhi roads to 25 per cent of all vehicles, up from the current 0.2 percent. The incentives from this policy will be effective over and above the central government's FAME II subsidy scheme. An EV Cell has also been set up to ensure ground-level implementation of this new measure.
The most important move with this policy has been that buyers of electric vehicles will now be incentivised. Buyers of electric scooters, e-rickshaws and e-goods carriers will be elegible for an incentive of up to Rs 30,000. For buyers of electric passenger cars, this incentive can be as high as Rs 1.5 lakh. The Delhi government has made it easier still for commercial buyers to switch to an EV. It will waver the registration fee on all electric vehicles and will offer an interest waiver on loans for commercial EVs.
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Another big positive of this scheme is the country-first scrappage scheme that has been announced in conjunction with it. Although the exact details of this rebate haven't been specified, buyers who replace their old, conventionally powered vehicles with new EVs will be given more incentives.
The Delhi government has also planned for steps to improve the infrastructure and awareness around EVs with this policy. The government plans on setting up 200 EV charging stations in the capital over the next year. This will greatly reduce the range limitations that EVs can set on their owners. Further, the government will offer 100 per cent subisdy on procuring charging equipment. This subsidy is limited to Rs 6,000 for 30,000 units. It will also carry out youth-focused training courses, to impart skills for the new jobs that are likely to come up to service the full life-cycle needs of an EV and its surrounding infrastructure.
Starts Rs 23.72 Lakhs
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