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Delhi’s EV Policy 2020

  • Aims to boost the economy, create jobs and reduce pollution levels
  • Aims to constitute 25% electric vehicles by 2024, currently, it is 0.29%
  • Incentives up to Rs 30,000 for two-wheelers, autos, freight vehicles and e-rickshaws
  • Low-interest loan on electric commercial vehicles
  • Set up of “State Electric Vehicle Board” along with 200 charging stations in one year, so that the charging stations are within 3 km radius
  • Incentives to those willing to exchange their petrol and diesel-run vehicles
  • Battery-capacity linked subsidy of ₹5,000/kWh or up to ₹30,000 on electric two-wheelers and up to ₹1.5 lakh on electric cars
  • In addition to the center’s scheme known as “Fame India Phase II”

Source: TimesNow

Parth Chhaparwal

Incoming Associate Consultant at Bain & Co.