Delhi Government likely to Roll Out Subsidy Scheme Under the Recently Launched Electric Vehicle Policy

• Arvind Kejriwal's Delhi government is likely to roll out the subsidy scheme under its newly launched electric vehicle policy from next week.
• Under the scheme, people will get incentives of up to Rs 30,000 for two-wheelers, autos, e-rickshaws, and goods carriers while a subsidy of Rs 1.5 lakh will be provided for the purchase of electric cars.
• Within 48 hours, the subsidy amount will be credited in the bank account of the buyer after verification by concerned motor licensing officers.

The Delhi government is likely to roll out the subsidy scheme under its newly launched electric vehicle policy from next week, officials said. The EV policy of the Delhi government was notified last month.

The policy offers scrapping incentives for those people who want to make the switch, allowing them to exchange an old fuel-based vehicle while purchasing a new EV, further reducing its cost. Launching the policy, Chief Minister Arvind Kejriwal had said it aimed at registration of around five lakh electric vehicles in the city in the next five years.

Under its EV policy, the Delhi government will give incentives of up to Rs 30,000 for two-wheelers, autos, e-rickshaws, and goods carriers while a subsidy of Rs 1.5 lakh will be provided for the purchase of electric cars, officials said. As per the scheme's payment mechanism, the subsidy will be paid to the eligible buyers of electric vehicles within two days, they said.

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On Wednesday, officials of a private bank made a demonstration of software for disbursal of the subsidy under the policy in a meeting with Transport minister Kailash Gahlot, said a senior government officer.

"The software developed by ICICI bank will be used for payment of subsidy to the people buying electric vehicles in Delhi. The subsidy scheme is expected to be launched from next week," he said.

The vehicle dealers can access the software and fill the details of the electric vehicle and its buyer at the time of sale. Within 48 hours, the subsidy amount will be credited in the bank account of the buyer after verification by concerned motor licensing officers.

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The vehicle dealers will have to be self-registered with the Transport department of the Delhi government, to be able to process the subsidy at the time of sale of electric vehicles, the officer said.

The government will also waive off registration fee and road tax under the EV policy. It will also give low-interest loans to electric commercial vehicles under the policy.

It is expected that the incentives provided by the policy would also encourage delivery service providers related to food delivery, e-commerce logistics providers, and couriers to switch to using electric two-wheelers.

To build a sustainable EV ecosystem, the Indian Government also launched initiatives like National Electric Mobility Mission Plan (NEMMP) and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) have been launched.

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