With its new EV policy, the Delhi government will offer heavy subsidies on electric vehicles in the national capital. The government is targeting 5 lakh electric vehicle registrations in the city in the next five years.
In its bid to boost the economy and curb rising air pollution levels in the city, the Delhi government has announced a fresh electric vehicle (EV) policy. In a press conference, Delhi’s chief minister Arvind Kejriwal rolled out a number of incentives to push EV sales in the national capital.
With the new policy in place, the Delhi government will offer heavy subsidies to customers planning to buy EVs. For electric two- & three-wheelers, e-rickshaws, and freight vehicles, financial incentives of up to Rs 30,000 will be offered. For Delhi residents planning to buy electric cars, it’s even better, as the incentives will go up to Rs 1.5 lakh on a new car purchase.
What’s more, the Delhi government will waive off registration fee and road tax on electric vehicles, while scrapping incentives will also be provided to customers looking to replace their internal-combustion or ICE-powered vehicles with an EV. In addition to that, the Delhi government will set up 200 charging stations in different parts of the city within a year. The government will also work to lower the interest rate on the purchase of new EVs. Last but not least, all these benefits will be offered over and above the existing incentives for EVs under the central government.
According to Arvind Kejriwal, his government studied various EV policies across the world and consulted experts before coming up with the new EV policy for Delhi. Kejriwal said that it’s one of the ‘most progressive’ policies in the world. The Delhi CM also expects to add over 5 lakh new EVs on Delhi’s roads in the next five years. However, the current EV policy will be valid for three years, and it’ll be reviewed or modified from time to time.