Delhi Govt Launches Electric Vehicle Policy, Fast-Tracks EV Adoption
Delhi chief minister Arvind Kejriwal announced the launch of ‘progressive’ electric vehicle policy. With this, the APP government looks to have 25% electric vehicles on road by 2024. Kejriwal said that this will be an add on to Centre’s FAME-II scheme, where people can avail benefits under both these plans.
The new electric vehicle policy led by APP government will now waive registration fee, road tax and provide an incentive of up to INR 1.5 Lakh for electric cars and INR 30K for electric two-wheelers, three-wheelers and freight vehicles. It seems to be inclined with govt’s last year’s electric vehicle policy agenda.
In addition to this, Kejriwal said that the government will also be giving low-interest loans on electric commercial vehicles. This move by the government to provide financial support is expected to fast track the electric vehicle adoption in the national capital and boost EV sales in the coming months, given the discretionary spending among the consumers caused due to pandemic.