Electric vehicle policy of Delhi announced: What it means for EV buyers.
New Delhi: The state government announced that with the purchase of a two-wheeler, an e-rickshaw or freight vehicles, the Delhi government will give a benefit of up to Rs 30,000 and for a four-wheeler, a benefit of up to 1.5 lakh.
New Electric Vehicle (EV) Policy of Delhi government aims at boosting the economy, reducing pollution, and encourages the usage of e-vehicles. The Delhi Chief Minister Arvind Kejriwal announced financial incentives for those who purchase e-vehicles for the next three years. The state government announced that with the purchase of a two-wheeler, an e-rickshaw or freight vehicles, the Delhi government will give a benefit of up to Rs 30,000 and for a four-wheeler, a benefit of up to 1.5 lakh.
Mahesh Babu, MD & CEO, Mahindra Electric said, “We thank the Delhi government for quickly notifying robust and well-thought EV policies that will further boost the EV sales in the capital. The EV policies are aimed at faster adoption of EVs both in personal and shared mobility segments and extending the incentives to personal buyers will further help the development of the entire ecosystem. In the near future, the open-permit system for electric autos in Delhi will promote zero-emission last and the first-mile green mobility. The policies are in-line with India aim to reduce its oil-import bill and air-pollution.”
In addition, for those who want to purchase electric vehicles for commercial purposes, loans will be given from the Delhi government at very low-interest rates, and registration and road tax fees will be waived. These incentives will be applicable for both battery strapping and fixed charging vehicles. All this will be added upon the financial incentives from the Central government existing electric vehicle program.
“Delhi Government has been very proactive towards electric mobility adoption in the State and their continuous efforts to make Delhi air cleaner with more electric vehicles are worth noting and something that all States should adopt. We applaud the Chief Minister, Arvind Kejriwal for his progressive leadership and congratulate the Government for the Delhi Electric Vehicle Policy 2020. We welcome the move and extend our support by expanding BluSmart services into Delhi starting with Vasant Kunj and Dwarka in the coming week," said Anmol Jaggi, Founder, BluSmart Electric Mobility.
The government also announced that a state EV fund is being created which will cater to the needs of this policy, and the EV board will be chaired by the Transport & Environment minister of Delhi. The CM also further added that by 2024, the cumulative sales of newly purchased cars in the capital would be 25 percent, as compared to the current 0.2 percent, and reach a goal of 100 charging stations across the city in the next year and the target of 200 charging stations by 2024.
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