TL;DR
Delhi introduces EV Policy 2.0 with ₹2 billion allocated for scrappage-linked incentives, offering significant benefits for scrapping older vehicles and purchasing new EVs.
Delhi has rolled out its Electric Vehicle Policy 2.0, allocating ₹2 billion (US$21 million) and shifting its focus from upfront subsidies to a scrappage-linked incentive model. This revised framework aims to accelerate the phasing out of older, high-emission vehicles while simultaneously boosting EV adoption. The highest incentives will be offered to buyers who scrap Bharat Stage (BS)-IV or older petrol and diesel vehicles registered in the capital.
Under the new policy, private electric car buyers can receive up to ₹100,000 for models priced below ₹1.5 million, available to the first 100,000 applicants. Electric two-wheelers will get a flat ₹10,000 incentive, replacing the previous battery capacity-linked model. Additionally, the policy supports retrofitting with a ₹50,000 grant for converting ICE vehicles to EVs, and a 100% waiver on road tax and registration fees for EVs until March 2030, subject to a price cap.
