Decoding Delhi EV Policy 2020

The Government of National Capital Territory of Delhi (GNCTD) on Friday approved the Delhi Electric Vehicle Policy 2020 with an objective to establish it as the EV capital of India and accelerate the pace of adoption across vehicle segments, especially in the mass category of two-wheelers, public/shared transport vehicles and good carriers.

The policy which will remain valid for a period of three years seeks to drive the rapid adoption of Battery Electric Vehicles (BEVs) so that they contribute to 25 percent of all new vehicle registrations by 2020. The fiscal incentives being offered would be in addition to the demand incentives available in the central government’s FAME II scheme.

It comes as a huge blow Internal Combustion Engine (ICE) vehicles as additional taxation has been implemented for fund promotion of EVs.

A cess on the sale of diesel is already applicable in the NCT of Delhi at 25 paise per litre. Additional road tax will be levied on diesel and petrol vehicles, especially luxury cars. The notice further added that an appropriate congestion fee will be levied on all trips taken using cab aggregator and ride-hailing services.

To drive a large scale adoption of electric vehicles, the policy focuses attention on incentivising different segments. Here is a look at incentives offered in different vehicle segments.

A purchase incentive of Rs 10,000 per kWh of battery capacity will be provided per electric four-wheeler (subject to a maximum incentive of Rs 1.5 lakh per vehicle) to the registered owner of the first 1000 e-cars to be registered in Delhi after issuance of the policy.

Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button