New EV Policy For Delhi, Aim For Five Lakh EV Registrations By 2024

0
823
  • On electric two-wheelers, the government is offering incentives of Rs 5,000 per kWh of battery capacity
  • The government is also offering a 100 percent subsidy on charging equipment costing up to Rs 6,000 per unit

The Delhi government has introduced a new electric vehicle (EV) policy. The policy targets to increase EV uptake and also tackle the issue of air pollution in the National Capital Region. The Delhi government will also offer monetary incentives on EVs. This will be done to encourage more people to shift over from internal combustion engine (ICE) vehicles. The government aims to register up to 5 lakh new EVs by 2024.

EV two-wheelers by ride-hailing services

On electric two-wheelers, the government is offering incentives of Rs 5,000 per kWh of battery capacity. It is also providing an additional incentive of Rs 5,000 for the scrappage of ICE bikes. The policy also calls for more intake of electric two-wheelers for last mile deliveries. This will include food delivery and courier services. The policy aims to convert these services to use only EVs by 2025. The Delhi government has also authorised the use of electric two-wheelers by ride-hailing services.

In the four-wheeler category, the new policy will offer an incentive of Rs 10,000 per kWh of battery capacity. The total subsidy has been capped at Rs 1.5 lakh. This will be available only for the first 1,000 EVs sold. The government has also waived registration fees and road tax on new EVs for the next three years.

Incentives of Rs 30,000 on electric three-wheelers

The policy will also offer incentives of Rs 30,000 on electric three-wheelers. It will provide a five percent subsidy on loans taken to buy the electric three-wheelers. The government also plans to have at least 50 percent of the new buses on Delhi roads to be EVs by 2024.

The government is also offering a 100 percent subsidy on charging equipment costing up to Rs 6,000 per unit. This has a limit of 30,000 chargers for home or office use. The policy will also provide a 20 percent reservation at residential and commercial parking lots for electric vehicles. The policy has set a target of 250 charging or battery-swapping stations in the city.

LEAVE A REPLY

Please enter your comment!
Please enter your name here