Delhi govt will offer interest subvention of 5 per cent for EV policy: Gahlot

Transport Minister Kailash Gahlot on Sunday said that the Delhi government will soon introduce interest subvention of up to 5 per cent in purchase of electric-run vehicles in the city.

The step has been taken in view to promote Delhi government’s policy offering financial incentives on all categories of e-vehicles – two-wheelers, three-wheelers, four-wheelers, goods carriers, electric rickshaws.

“Subvention of 5 per cent to be provided through Delhi Finance Corporation (DFC) to ensure an easy financing option for vehicle owners to convert their fleet to electric,” Gahlot said.

“We are at an advanced stage of drafting this proposed scheme and it will be announced soon. This scheme can be availed by all range of vehicles and will ensure easy access of finance to those companies who are willing to upgrade their fleet to electric,” he added.

Meanwhile, the Minister also urged the city’s commercial vehicle owners to convert half of their fleet to electric by 2023.

He also ensured that e-commercial vehicles will be allowed to ply on restricted roads and beyond the fixed time.

ET Energy World
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