The government of Delhi has announced a new electric vehicle (EVs) policy that offers incentives of up to Rs. 1.5 lakh on the purchase of EVs & up to Rs. 30,000 on 2-wheelers, auto rickshaws and e-rickshaws.
In addition to that, EV buyers will not have to pay registration fee and road tax. The government will also offer loans for the purchase of electric commercial vehicles at a low rate of interest. It will also offer scrapping incentives for replacing fuel-based vehicles with EVs. These incentives are over and above the existing incentives offered by the central government.
The Delhi government expects the new EV policy to boost the economy, create new jobs and reduce air pollution. It aims to induct 35,000 EVs within 1 year and expects 5 lakh EVs to be registered in the next 5 years. Till 2024, 25% of the vehicles registered in Delhi would be electric. The government is also planning to set up 200 charging stations in the capital.
The government will set up a ‘State Electric Vehicle Board’ to implement this policy.