Delhi Electric Vehicle Policy rolled out with lots of subsidies & incentives

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Delhi government further gives a push to EVs with new Electric Vehicle Policy

Delhi Electric Vehicle Policy: India is moving towards the adoption of new technology and bringing electric vehicles into the mainstream public and personal transport. To push it further Delhi Cabinet approved the new electric vehicle policy. The Chief Minister of Delhi, Mr. Arvind Kejriwal made the announcement about the new Electric Vehicle Policy in a Press-conference yesterday. Same session was also live on Delhi Government’s official YouTube channel.

1st Draft Policy was released on November 2018. After that Delhi Government received many inputs from other non-profit organization as well as from the UN to further improve the 2018 draft policy. So, mainly this time Delhi Governmnet’s has now come up with a new electric vehicle policy which by including some of the inputs from above bodies.

Highlights

• Road Tax and Vehicle Registration charges: Zero rupees (Nil).
• Two-wheeler subsidy amount: per kWh Rs. 5000/- .
• Three-wheeler subsidy amount: 30,000/- rupees and 0.5 % on loan.
• 4-wheelers subsidy amount: per kWh Rs. 10,000/- (Max. 1.5L).
• 20% Parking space reserve for EVs in any new building or in an apartment.

Delhi New Electric Vehicle Policy, But why?

As per the Environment organizations, 40% PM (particulate matter) comes out from tail pipe emission as well as the 80% NOx and CO2 emission is also caused by the same. So, to minimize this and control the air pollution now it became necessary to think of about clean transport solution.

The Delhi’s new electric vehicle policy provides special subsidies and incentives to the EV buyers. This will encourage people to move from an electric vehicle. As well as scrapping policy and the subsidies for the commercial EV buyers will further help to move towards cleaner transport in Delhi.

Main focus of the new EV Policy:

By 2024, 25% vehicles registered in Delhi will be electric. The main focus will be to convert or to have new electric 2-wheelers, Shared vehicles and Freight carriers in Delhi.

Target of the New Electric Vehicle Policy

In the next 1 year:
35000 electric vehicles will be on the road. And 250 charging stations will be set up.

During the next 5 years:
Its plan to have 05 Lakh electric vehicles on Delhi roads. And these all vehicle in their lifetime will save the fuel of worth rupees 6000 Cr. These all eVehicles will save the Delhi from 4.8 million tons of C02 emission and will also eliminate the emission of 159 tons of PM2.0.

Ola, Uber and other all commercial two-wheeler transport service companies, the food and goods delivery service companies must have to comply with the timeline mentioned below-
March 2023 : 50% will be electric
March 2025 : 100% will be electric

Subsidies under the New Electric Vehicle Policy:

Delhi Government has kept different subsidies for two-wheelers, 3-wheelers and 4-wheelers. So, let’s get to know for each one in detail here-

For Two-wheelers-

In Delhi new Electric Vehicle Policy the Battery capacity decides the subsidy amount. Per kWh = Rs. 5000/- . For those who want to scrap their ICE two-wheeler and planning to buy an electric one, then there is a scrapping incentives also introduced.
Scrapping incentives: two-wheeler to electric two-wheeler, a subsidy amount of 5000 rupees will be given for this.

For Three-wheelers

All electric auto, rickshaw and goods carrier will get a subsidy as mentioned here-
A flat Rs. 30,000/- as subsidy will be given for all the electric auto, rickshaw and goods carriers. Above all, the 3-wheeler buyer will get the 0.5% of extra subsidy on the loan amount as well.

For 4-wheelers

All commercial or personal vehicles, including electric buses and trucks will be covered in this category.
Battery capacity per kWh = Rs. 10,000/- Subsidy.
But the maximum subsidy amount is restricted to 1.5 Lakh only.

Other facilities and incentives for EVs

Zero rupees of Road tax and registration charges are the big decision will make electric vehicles more affordable in Delhi.

Public EV charging will be set up at each 3 km distance.
Apart from above all the 20% parking space will be dedicated to the electric vehicles in any new building or in apartment parking space.

By 2024 the 50% of Delhi buses will be electric and all the low-floor CNG buses of Delhi Transport will be replaced by only with the electric buses once their service life ends.

My Words:

Global warming and Environment pollution are now a major concern for all the human. UN as well as the youngsters is now raising the voice to take the bold step to control the pollution. This new initiative to come up with the new Electric Vehicle Policy will definitely catch the attention of many more buyers and shared transport service provider companies.

Elimination of registration charges and road taxes for all the EV is a good step to encourage to buy only EV now. 20% parking space reserve for the electric vehicle in any new building and commercial apartment will solve the charging problem as much extend. We all must appreciate this step of the Delhi Government and other State Governments also look into this.

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