Delhi government extends its EV policy until March 2024

Delhi government extends its EV policy until March 2024

Transport Minister Kailash Gahlot said that the Delhi government has chosen to prolong its policy for electric vehicles (EVs) for an additional three months, according to senior officials in the department of Transportation.

They stated that the policy would be prolonged through the end of March 2024 and that cabinet approval would be granted shortly.

The EV policy states that two-wheelers can receive a subsidy of INR 5,000 per kWh of battery capacity; three-wheelers can receive a subsidy of INR 30,000 regardless of the total cost or battery capacity; and four-wheelers can receive a subsidy of INR 10,000 per kWh of battery capacity, but this offer is only valid for the first 1,000 EVs to register under the scheme.

The Department of transportation had previously stated that the policy was stuck after the services of advisors, consultants, and fellows were terminated. Gahlot had stated that these individuals had technical expertise and were working on giving shape to several policies of the department, including EV 2.0 and cab and bus aggregators. The EV policy, which had expired on August 8, 2023, has been given repeated extensions as a fresh policy has not been prepared yet.

Although the exact date of the policy’s implementation is still pending, officials stated that the government has nearly finalized the Delhi EV policy 2.0.

They said that the department had received the most ideas for increasing incentives, parking incentives for EV buyers, simpler financing alternatives, and interest rate rebates for EV buyers during the stakeholder consultation to design a revised Delhi EV policy.