Delhi Govt. Launched E-Vehicle Subsidized Policy 2020

by Team Entrepreneur Bus

Delhi’s Chief Minister Arvind Kejriwal announced the policy at a digital briefing on Friday. The Delhi Electric Vehicle Policy, which includes registration fees and vehicle tax, provides for a 1,000 crore subsidy for electric vehicles in the city, which was introduced today (Friday) by the Delhi Government and the New Delhi State Government. Announcing the new electric vehicle policy at a press conference today, Delhi’s Prime Minister Arvind Kejriwal said the policy would make electric vehicles more affordable for the poor and middle class, and the first of its kind in India. 

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Kejriwal also said the Delhi government would rent electric vehicles only for official purposes and encourage the establishment of private charging stations. Speaking at a press conference on the proposed electric vehicle policy in the city, Kejriwal also reiterated that his government has the political will to take tough decisions to curb pollution, as the government of Prime Minister Narendra Modi and New Delhi’s Chief Minister Arvind Kejriwal have done. He said: “I am confident that our governments have the political will to take the tough decision to reduce pollution. 

If you are interested in buying an all-electric four-wheel drive, Delhi EV Policy 2019 offers a purchase premium of 1.5 lakh for the purchase of an electric vehicle. Under the electric mobility policy, the Delhi government would grant subsidies of up to Rs2,000 per month for electric vehicles and Rs. 5,500 per year for all electric cars and trucks. 

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CM Kejriwal made clear that there will be an incentive of up to Rs 2,000 per month for electric vehicles and Rs 5,500 per year for all electric cars and trucks. CM Kejriwal also stated that the policy will give incentives of Rs 1.5 lakh for the purchase of all – electric four-wheel drive vehicles. Under this policy, the Delhi government will provide incentives for cars with a purchase premium of about Rs 10 lakh. And it must provide incentives of 30 000 rupees for trucks. The Delhi government will also provide incentives in the form of tax breaks and other incentives for buyers of electric cars as part of the 2020 electric mobility policy. 

The Delhi government aims to ensure that at least 50% of all new vehicles registered in the city are electric by 2024. CM Shri Arvind Kejriwal said: “We hope to register more than 1.5 million electric cars and trucks in Delhi by 2024. Kejriwal also reportedly said her goal is to register a total of 2.2 million electric vehicles by 2025. We will be registering 1.5 million new electric trucks and cars over the next five years. 

He said: “The Delhi government is giving more and more people financial incentives to buy electric vehicles. He said the Delhi government had given financial incentives to people in the city and other parts of the country to buy electric cars and trucks. Delhi Chief Minister Shri Arvind Kejriwal said: “We are giving financial incentives to more than one million people to buy electric vehicles. 

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In his speech on electromobility policy, Hero Electric CEO Sohinder Singh Gill said: “I would like to congratulate the Delhi Government on having put in place a policy that will make a major contribution to boosting Delhi’s economy, creating jobs and reducing air pollution in the capital. On electric mobility policy, the head of the company’s electric vehicle business,  said he was pleased to have received the congratulations. The Delhi government has embarked on a policy of subsidising electric vehicles, which has gone a long way to boosting Delhi’s “economy” and creating jobs, as well as reducing air pollution and air quality in national capitals. Naveen Munjal, Managing Director and Chief Executive Officer of Hero electric, said on electric vehicle policy: “I would like to congratulate the Government in London, the Government in New York and the US Government on their efforts to launch a policy of subsidising electric cars and trucks in Delhi that will have done much to boost Delhi’s economy and create jobs in the capital and reduce air pollution. 

Mahesh Babu, CEO of Mahindra Electrical, thanked the Delhi and Kejriwal authorities for their statements on long-term futuristic electric mobility. Jitendra New EV Tech said: “I applaud Kejriwal and his government for approving Delhi’s electric vehicle policy. 

Kejriwal called it a progressive policy and also confirmed that 100 electric vehicle charging stations will be built in the city within a year. The Delhi government will set up 200 charging stations within a year and will provide incentives (scrappage incentives) for electric vehicles under the electric vehicle policy. 

Under this policy, the Delhi Government will offer an incentive of Rs 5,500 compared to the Rs 5,500 currently offered by the Delhi Committee on Environmental Protection. Under these measures, it will receive an incentive of Rs.500, compared to the Rs.500,000 currently offered by the New Delhi Municipal Corporation (NDA) and Delhi City Council. 

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The electric vehicle policy objective

● Target to have 25% e-vehicles by 2024

● Subsidy up to Rs 30,000 on two-wheeler

● Subsidy up to Rs 1.5 lakh on cars 

● Subsidy up to Rs 30,000 on auto-rickshaws

● Subsidy up to Rs 30,000 on freight vehicles

● E – Subsidy up to 30,000 on the rickshaw

● The registration fee for e-vehicles and exemption in road tax

● 200 public charging stations

● Scraping incentives

● Low-interest loan on the purchase of e-vehicles

● E-buses

● Delhi government within one year Aimed to include 35,000 e-vehicles.


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