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Delhi Government Will Start Subsidy Transfer To Bank Accounts Soon For Buying EV: Report

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  • The software developed to allow this direct transfer is ready and is undergoing safety tests currently
  • The other important thing the government is working on is creating the charging infrastructure

As per a report by the Economic Times, Delhi government’s plan to transfer subsidies for buying electric vehicles directly to the bank accounts of buyers is going to start very soon. The report said that the EV policy says that the government will provide subsidies of up to Rs 30,000 for two-wheelers and up to Rs 1.5 lakh for cars to promote quicker adoption of EVs.

The policy will allow waiving off road tax and registration fees for electric vehicles. The report added that the software developed to allow this direct transfer is ready and is undergoing safety tests currently.

Charging infrastructure

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The report added that the government is also trying to ensure that those opting for EVs get the financial benefits without facing any issues. The development of dedicated software for the transfer of the subsidy is part of this plan. This will help in online filling up of a form at the EV dealership, where bank account details of the buyer will be submited as per the report. The form will be approved by the motor licensing officer of the respective Regional Transport Office (RTO) where the EV will be registered and the amount will be transferred.

As per the report, the other important thing the government is working on is creating the charging infrastructure. Kejriwal had said that one of the reasons people do not purchase electric vehicles is due to low availability of charging points. He added that a network of charging stations will be created in Delhi and the government’s target is to create 200 charging stations in the next one year. Eventually, it aims to create a charging station every three kms.

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