Delhi Goverment Announces EV Policy, Aims For 500,000 EVs By 2024

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  • The policy will also see the establishment of a dedicated EV Cell to implement the policy at the ground level
  • The Delhi government also announced a vehicle scrapping incentive

The Delhi state government has announced a new EV policy which was introduced in December 2019. As per the chief minister Arvind Kejriwal, the policy aims at reducing air pollution in the capital city. It has already seen a 25 percent reduction already over the past five years.

The Delhi EV policy aims to register 500,000 electric vehicles in the city by 2024. It will be driven by a bunch of incentives offered by the state government through its newly incorporated State EV Fund and State Electric Vehicle Board which will be chaired by the transport minister Kailash Gahlot.

Increase EV registrations in the city to 25 percent of total vehicles sold by 2024

The Delhi chief minister said that the Delhi EV policy is one of the better policies among all those announced around the world, targeted to curb air pollution. It aims to give a boost to the economy of Delhi after getting a major setback due to coronavirus. He added that it will give a strong impetus to the economy of the city.

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The policy will also see the establishment of a dedicated EV Cell to implement the policy at the ground level. The policy has been rolled out for the next three years and it will be reviewed from time to time.

The Delhi EV policy aims to increase EV registrations in the city to 25 percent of total vehicles sold by 2024. It also aims to create new jobs including driving, selling, financing, servicing and charging of EVs with focus on bringing in new types of jobs. It will also offer incentives over and above the FAME II scheme. The chief minister also announced that EV-related training will be imparted by the government

The segment-wise incentives as announced by the chief minister include up to Rs 30,000 incentive from the state government for electric two-wheelers, up to Rs 150,000 for electric passenger vehicles, up to Rs 30,000 for auto-rickshaws and up to Rs 30,000 for E-goods carriers.

Vehicle scrapping incentive

The Delhi government also announced a vehicle scrapping incentive. Arvind Kejriwal said that if a person exchanges their old conventionally powered vehicle with a new EV, the scrapping incentive will be given. The amount has not been disclosed in the CM’s public address.

The Delhi government has also announced an interest waiver on loans to buy these vehicles. It has also brought out an overall waiver of the registration fee (road tax) on any EV being registered in the city till the next three years. The Delhi EV policy also mentioned the setting up of charging infrastructure in the city. The chief minister announced to set up 200 charging stations in the city within the next one year. The state government is offering a 100 percent subsidy on charging equipment costing up to Rs 6,000 per unit, subject to a limit of 30,000 chargers.

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