Delhi Electric Vehicle Policy 2.0: Govt gives BIG incentive for buying EV, offers discount of 1 lakh

New Delhi: The Delhi Electric Vehicle Policy 2.0 is set to be implemented in Delhi very soon. Under this new policy, if you own a BS-IV or older vehicle and choose to scrap it to purchase a new EV, you could receive a direct subsidy of up to ₹1 lakh. Let's delve into the details.

The government is taking a major step to promote electric vehicles in Delhi. Indeed, with the imminent implementation of the Delhi Electric Vehicle Policy 2.0, customers will be offered attractive incentives for scrapping their old vehicles. The primary objective of this new policy is to curb pollution and encourage as many people as possible to adopt Electric Vehicles (EVs). Let's explore the details in greater depth.

What are subsidies allowed by the government?

Under the new policy, if you own a BS-IV or older vehicle and decide to scrap it to purchase a new EV, you will receive a direct financial benefit. According to reports, a subsidy of up to ₹1 lakh may be provided for the purchase of an electric car. However, this benefit will be applicable only to cars priced up to ₹15 lakh (ex-showroom), and the offer will be valid for a limited number of customers (specifically, the first 1 lakh customers).

How ​​Much Subsidy for Which Vehicle?

Attractive benefits have been earmarked not only for cars but also for those purchasing two-wheel and three-wheel EVs. Subsidies of approximately ₹10,000 on electric two-wheelers and up to ₹25,000 on electric three-wheelers may be available. This will make purchasing an EV more accessible, even for customers with a modest budget.

Any Exemption on Road Tax for EVs?

Furthermore, the government is planning to offer an exemption on road tax for EVs. This benefit will apply to electric cars priced up to ₹30 lakh (ex-showroom), meaning customers will enjoy savings both at the time of purchase and subsequently.

The Biggest Benefit of the Policy?

The greatest benefit of this policy will be that old, high-polluting vehicles will gradually be phased out from the roads, and their place will be taken by clean and green EVs. This will also contribute to improving Delhi's air quality.

Is this a Major Step Towards Building a Green City?

The Delhi EV Policy 2.0 presents a significant opportunity for the general public, enabling them to replace their old vehicles with new electric ones while simultaneously making substantial savings. In the times to come, this policy could prove to be a major stride towards transforming Delhi into a green city.