Policy

Delhi EV Policy to Create 20,000 Jobs, Boost Charging & Swapping

Sunita
By
Sunita
3 Min Read

As India accelerates toward a cleaner, greener future, Delhi is setting the pace with the upcoming Electric Vehicle Policy 2.0. According to EV, this progressive move could generate up to 20,000 jobs, transform the city’s mobility ecosystem, and position the capital as a national leader in EV adoption.

Contents

Aggressive Targets to Phase Out Fossil Fuels

Delhi’s draft EV Policy 2.0, currently under government review, outlines aggressive but essential steps toward electrification. The policy recommends:

  • No registration of CNG auto-rickshaws after August 15, 2025
  • Mandatory replacement of CNG autos over 10 years old with electric alternatives
  • No petrol, diesel, or CNG two-wheelers from August 15, 2026
  • Phasing out of fossil fuel-based goods carriers and waste vehicles
  • 100% of new vehicle registrations to be electric by 2027

We see this as a watershed moment for India’s EV journey, showing what bold leadership can look like in the fight against urban air pollution.

A Job-Driven, Infrastructure-Led Approach

The draft policy goes beyond emissions. It’s a blueprint for green job creation and skilling, with the goal of:

  • Creating 20,000 EV-related jobs during the policy period
  • Establishing battery collection and recycling centers
  • Rolling out a city-wide charging and battery swapping network
  • Launching skill development centers in partnership with academic institutions

These are not just policy promises—they are clear indicators of Delhi’s intent to build a resilient and future-ready EV economy.

Infrastructure and Accessibility for All

Environment Minister Manjinder Singh Sirsa affirmed the government’s commitment to ensuring widespread access to EV charging and swapping stations. By 2030, the capital aims to offer 100% charging availability for all EV types—a goal India EV believes will set the benchmark for urban centers across the country.

Aligning with National Goals: Complementing PM E-DRIVE

This policy is also designed to align with the Centre’s PM E-DRIVE scheme, enhancing synergy between central and state efforts. Additionally, the Delhi government plans to reinforce the State EV Fund, drawing resources from the Air Ambience Fund and levies on non-electric vehicles. A dedicated Delhi Clean Mobility Center will oversee effective implementation.

More EV News

Odisha to Set Up EV Charging Stations Across Urban Areas, SOP Issued
Odisha to Set Up EV Charging Stations Across Urban Areas, SOP Issued
Pune’s E-Bike Taxi Mandate Faces Backlash Amidst Affordability Concerns
Haryana Amends Building Code To Mandate EV Charging Infra In New Buildings
Government Unveils Eligibility & Subsidy Framework for EV Charging Under PM E-DRIVE Scheme
Uttarakhand Reviews Draft EV Policy 2025, Focus on Incentives and Ecosystem Development

India EV: Delhi’s Ambition Could Be India’s Blueprint

From India EV’s perspective, Delhi’s EV Policy 2.0 is a powerful example of how urban governments can lead the charge toward a sustainable future. If successfully implemented, it will not only clean up Delhi’s air but also redefine its workforce, energy use, and public perception of electric mobility.

We urge other states to draw inspiration from Delhi’s bold vision, and we stand ready to support policymakers, manufacturers, and citizens in making electric mobility a reality nationwide.

Join All India EV Community

Click here for more such EV Updates

What: India’s finance ministry has directed public sector banks, insurers, and financial institutions to reduce operational spending and accelerate adoption of electric vehicles across official fleets. The move is part of a wider austerity push linked to rising global economic uncertainty and fuel-related risks. The Number: The directive impacts major public institutions including State Bank of India, Bank of Baroda, and Life Insurance Corporation of India, covering millions of employees and thousands of operational vehicles nationwide. The Impact: The policy signals a new phase of institutional fleet electrification in India, where EV adoption is now being tied directly to fiscal discipline, fuel import management, and public-sector operational efficiency. The Core News India’s finance ministry has formally instructed state-run financial institutions to implement strict expenditure controls while simultaneously accelerating EV adoption for official transport operations. The directive from the Department of Financial Services asks organisations to replace petrol and diesel vehicles used at head offices and branch operations with electric vehicles “as far as possible.” The order comes amid growing concern over the economic impact of prolonged geopolitical instability in West Asia, which threatens to increase crude oil prices, widen India’s import bill, and pressure the rupee. Alongside the EV transition mandate, the government has also pushed virtual meetings, reduced foreign travel, and tighter administrative spending controls across public-sector institutions. For India’s EV ecosystem, the directive is strategically important because it expands demand visibility beyond state transport undertakings and government departments into the financial sector itself. PSU banks and insurers operate one of the country’s largest distributed office networks, including regional offices, branch fleets, field operations, and administrative mobility services. Even a phased transition could create a sizeable procurement pipeline for electric passenger vehicles, charging infrastructure providers, and fleet management companies. Breaking Down the Update • The Department of Financial Services issued the austerity and EV adoption directive to PSU banks, insurers, and financial institutions. • The government wants petrol and diesel vehicles used in official operations to be progressively replaced by EVs wherever operationally feasible. • The policy push follows Prime Minister Narendra Modi’s appeal for fuel conservation and controlled discretionary spending amid global energy uncertainty. • The directive also mandates greater use of video conferencing to reduce travel-related operational expenditure. • The move could indirectly support domestic EV OEMs, leasing firms, and charging infrastructure operators through institutional procurement demand. • The banking and insurance sector may emerge as a new enterprise fleet electrification category in India’s EV transition roadmap. How PSU banks EV adoption will help Indian EV Market The expansion of PSU banks EV adoption could create a strong institutional demand layer for India’s electric mobility sector. Public sector banks and insurers operate thousands of branch offices across urban, semi-urban, and rural India. Their transition to EV fleets can generate predictable procurement volumes for domestic automakers, especially in the electric sedan, compact SUV, and commercial mobility segments. Beyond vehicle sales, the policy may also accelerate deployment of workplace charging infrastructure at bank headquarters, zonal offices, and regional branches. This can support charger utilisation economics while helping normalise EV infrastructure in tier-2 and tier-3 cities. Another important impact is signalling. When large state-linked financial institutions adopt EVs as operational assets rather than pilot projects, it improves confidence across the broader enterprise mobility market. Private banks, NBFCs, and insurance firms could eventually follow similar fleet transition models to reduce long-term fuel and maintenance costs. PSU banks EV adoption also aligns with India’s larger energy security strategy. Lower petroleum consumption in institutional fleets directly supports efforts to reduce crude import dependence while stabilising operational expenditure during periods of volatile global oil prices. Conclusion & Next Steps The government’s push toward PSU banks EV adoption reflects a broader shift where EV deployment is increasingly being linked with macroeconomic resilience rather than only sustainability targets. Execution, however, will depend on procurement timelines, charging infrastructure readiness, and operational suitability across
India directs state-run banks, insurance firms to cut costs, shift to EVs
Delhi to Allow EV Two-Wheelers After Aug 2026 Under EV Policy 2.0
Govt targets emission cut to 78.9 g/km under CAFE-III by FY32; industry backs credit trading, EV push
Maharashtra Unveils Ambitious EV Policy, Eyes 30% Adoption by 2030
Haryana cabinet approves new rules: No petrol, diesel vehicles for cab aggregators in NCR
Share This Article
1 Comment

  • This is great, Delhi will no longer handle the title of most polluted city. At Nikol EV is ready to plug in and power up this green dream, we’re on mission to have a strong, reliable, and efficient charging ecosystem.

    Get to know more about us here- http://www.nikolev.in
    Contact us- 8485853574

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow US
All India EV: Edition 51
What all happened in June 2026?
Click Here