News Other News

Government of Delhi updates Electric Vehicle policy with upto INR 1.5 lakh subsidy

Written by Nizam Shaikh

The Government of Delhi on 7th August rolled out new electric vehicle policies with the aim to boost sales of electric vehicles, create employment and lessen the harmful effects of petrol and diesel-burning vehicles in the National Capital. The Govt of Delhi claims that after the launch of the new EV policy it expects that 5 lakh new EVs will be registered in the next 5 years. 

The Govt of Delhi has announced that in addition to the ‘Scrapping Incentive’, the Chief Minister has also declared INR 30,000 as incentives for 2-wheelers, Autos, e-Rickshaws as well as incentives up to 1.5 lakhs for electric four-wheelers under the new EV policy. The Government of Delhi will also be setting up a dedicated ‘EV Cell’ to implement the new ‘electric vehicle policy’. Furthermore, a ‘State Electric Vehicle Board’ will also be set-up for the implementation of the EV Policy.

The Cheif Minister of Delhi also claims that the EV Policy is “Progressive” and promises to set up 200 charging stations in one year under the electrification policy. The electric infrastructure will not only help EV users to charge their vehicles with ease, but it also reduces the battery-range anxiety and by having a complete electric ecosystem, encourage more individuals to buy electric-powered vehicles. 

The Delhi Government has also announced that the registration and road tax will be waived under the new EV Policy. Also, the press conference revealed that the Government will provide low-interest loans for electric commercial vehicles. 

Additionally, the Government of Delhi plans to induct 35,000 E-vehicles withing one year, bring E-buses, aims to constitute 25% E-vehicles by 2024 and apart from two-wheelers, auto-rickshaws and cars the Delhi Government also plans to provide INR 30,000 subsidy on freight vehicles. 

In related news, the  Government Of India’s ‘Faster Adoption and Manufacturing of Hybrid and Electric Vehicles’ FAME a part of the National Electric Mobility Mission and under the FAME II scheme, Original Equipment Manufacturers that localise at least 50% of the parts ex-factory value are eligible to receive an incentive of INR 10,000 per kWh (kilo Watt hour).