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Delhi Government Unveils Enhanced EV Policy with Scrappage Incentives

TL;DR

Delhi's new EV policy introduces significant financial incentives, including up to ₹1 lakh for electric car buyers and extended road tax exemptions, alongside the clearance of pending subsidies for thousands of beneficiaries.

The Delhi government is set to introduce an updated Electric Vehicle (EV) Policy 2.0, offering substantial financial incentives to encourage residents to transition to cleaner mobility. A key feature of the new policy includes incentives for scrapping older BS-IV or earlier vehicles when purchasing a new electric one. This initiative aims to significantly reduce the upfront cost of EV ownership and combat air pollution in the capital.

Under the proposed scheme, buyers of eligible private electric cars could receive up to ₹1 lakh in incentives, specifically for vehicles priced up to ₹15 lakh (ex-showroom) and limited to the first 1 lakh applicants. Electric two-wheeler buyers will be eligible for ₹10,000, while electric three-wheelers can receive ₹25,000. Additionally, the policy extends 100% exemption on road tax and registration fees for all electric vehicles registered in Delhi until March 31, 2030, for cars priced up to ₹30 lakh.

In a related development, the Delhi government has also begun disbursing over ₹30 crore in pending EV subsidies, clearing a backlog for more than 22,000 claims under the existing EV policy. This includes payments to both individual buyers and firms, processed through a Direct Benefit Transfer system to ensure transparency and faster disbursal.

Electric-green-mobilityLaunches-updatesMarket-insights-analysisPolicy-regulations

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