The Delhi government has announced a three-month extension of its electric vehicle policy, providing relief to buyers and improving prospects for a sustainable future. Initially implemented in August 2020, the policy aimed to achieve 25 percent of electric vehicles in the capital city by 2024. With this new extension, buyers planning to purchase electric vehicles in Delhi-NCR will be able to take advantage of incentives and benefits provided by the policy.
What will be under EV policy
Under the EV policy, subsidies are given to encourage people to buy electric vehicles. Each category of vehicle gets subsidies/incentives based on the battery capacity. For instance, an electric two-wheeler will fetch a subsidy of Rs 5,000/kWh or up to Rs 30,000.
For four-wheelers, the purchase incentive was Rs 10,000 per kWh of battery capacity (maximum incentive of Rs 1,50,000 per vehicle). The offer was provided to owners of the first 1,000 e-cars registered in Delhi, as per the policy.
However, the new rule aims to substantially reduce these expenses, making electric adaptation more accessible and affordable for potential buyers.
By promoting affordable adaptation, the Delhi government aims to create a more sustainable transportation system while reducing pollution levels caused by conventional fuel vehicles. The extension of the electric vehicle rule aligns with the government’s vision of a cleaner and greener future for Delhi.
Words from Transport Minister Kailash Gahlot
Transport Minister Kailash Gahlot clarified, “People need not worry… the department is preparing a Cabinet note and it will be put for approval in a few days. All eligible vehicle owners who bought new e-vehicles and applied for the subsidy during the mean period will be given the benefit once the policy gets Cabinet approval and is extended.”
Transport Commissioner Ashish Kundra said, “It will be done soon.”
According to data, a total of 25,497 vehicles have been registered in Delhi in January till date — 2,214 are electric and 954 are petrol-hybrid vehicles.
The EV policy came into effect in August 2020 and aimed to increase the EV share in total vehicle sales to 25% by 2024. After it completed three years last August, it was extended till December. This, too, has now expired and an extension is awaited, said officials.
Q: What is the goal of Delhi’s electric vehicle rule?
A: The goal is to have 25 percent of vehicles in Delhi be electric by 2024.
Q: What is the duration of the rule extension?
A: The policy has been extended until March 31, 2024.
Q: What will be the focus of the upcoming features of the new rule?
A: The new policy aims to incentivize affordable vehicle adaptation.
Q: What is the objective of India’s new EV policy?
A: India’s new EV policy aims to attract foreign investors and support domestic car manufacturers in the pursuit of sustainable transportation.
Q: Which countries is India targeting to attract investors from?
A: India is actively seeking investors from Germany, the United Kingdom, and South Korea to participate in the EV sector.
Q: Will the policy only benefit Indian carmakers?
A: No, the rule is designed to benefit a wide range of stakeholders, including both Indian and international car manufacturers.
Q: When will the new rule be launched?
A: The specific timeline for the launch of India’s new EV policy was not disclosed by the official.
the impending approval of the revolutionary EV policy marks a pivotal moment in Delhi’s journey towards sustainability. With the visionary leadership of the Transport Minister, the city is poised to embrace a greener and more energy-efficient future. This forward-thinking initiative is a testament to the commitment to environmental responsibility and will undoubtedly reshape the landscape of transportation. As the policy moves closer to realization, anticipation builds for a brighter, cleaner, and more sustainable future for the capital. Stay tuned for the transformative impact that lies ahead.
Disclaimer: The details provided in this article are based on available sources and may not be 100% accurate. The values mentioned are estimations, and actual auction results may vary.