NEW DELHI: 24th April 2024: While the Delhi government is considering offering cash incentives of up to $350 for the purchase of electric bikes and other battery-powered vehicles as part of its 2.0 EV Policy, it also intends to levy 50 paise per litre of petrol to fund these incentives.
According to the Delhi state government’s most recent draft policy, its aggressive EV push will cost the state exchequer approximately 28.6 billion rupees in infrastructure development for the establishment of EV charging stations.
In addition, a policy note circulated among various automakers proposing a limit of two fossil fuel-powered cars per household, with any additional vehicles required to be electric.
Furthermore, the government intends to abolish local taxes and registration fees for hybrid vehicle purchases (up to Rs 20 lakh) to align them with electric vehicles. As of the end of FY 25, Delhi’s overall EV penetration was around 11%, with a target of 30% by 2030.
This policy is currently in draft form and may be revised in response to feedback from stakeholders such as automobile manufacturers and the general public, according to a senior official with the state’s transportation department.
