Here’s Why EV Lovers in Delhi Are Saving Big on Car Purchase

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    EV lovers in Delhi are saving big on car purchase

    The Arvind Kejriwal-led Delhi government has introduced a new policy for the electric vehicles in the state capital. Under the Electric Vehicle Policy, the government will offer financial assistance for electric vehicle (EV) buyers. The financial concession will not be restricted to electric two-wheelers (bikes/scooters) and electric four-wheelers (cars/SUVs/sedans) but will also include electric three-wheelers (auto-rickshaws/e-rickshaws) and electric commercial vehicles (LCVs/SCVs). Besides the sizable monetary relief, the policy also provides free registration.

    The axing of the road tax and financial assistance on the purchase of the battery-operated vehicles under its latest EV policy is a step towards making Delhi pollution-free. The hefty and lucrative exemption is expected to increase the popularity of electric vehicles and draw more and more number of buyers to the EV showrooms. The implementation of the policy sees drastic price cut in the prices of the electric bikes and cars in Delhi region.

    Under the EV Policy the electric two-wheelers will get financial assistance of Rs 30,000, while the electric cars will be given Rs 1.5 lakh as an incentive. Moreover, the auto-rickshaws and e-rickshaws will be eligible for the monetary concession of Rs 30,000. The policy also plans the installation of 200 charging stations in the city. With the establishment of the said number of charging stations, Delhi will get one charging station every three kilometres.

    Announcing the EV policy, Chief Minister Arvind Kejriwal tweeted, “Another crucial step towards ensuring a pollution-free Delhi. This incentive-based policy will encourage large scale adoption of electric vehicles, and bring us closer to fulfilling our dream of making Delhi the EV capital of India.”

    As per the EV sales analysts, India has not performed as expected in its transition from ICE (internal combustion engine) to EV engine. However, the new EV policy will increase electric vehicle popularity and encourage the traditional fuel vehicle buyers to switch to electric vehicles.

    In the recent past, many electric two-wheelers companies have forayed into the budding EV segment in the country. And these include the likes of Ather, Ampere, Hero Electric, Bajaj Auto, Okinawa and others. Some of their popular e-scooter models comprise of Ather 450, Ampere Reo Plus, Ampere V Series, Ampere Magnus Pro, Bajaj Chetak Electric, Hero Optima E5, Hero Flash, Hero Photon LP, Okinawa Praise Pro, Okinawa Ridge Plus, Okinawa Lite and many more.

    Further, the electric car segment consists of a handful of car models namely Hyundai Kona, Tata Nexon EV, Mahindra e-Verito, Mahindra e2O, MG ZS EV, Tata Tigor EV, etc.

    About Delhi Electric Vehicle Policy 2020

    Chief Minister Arvind Kejriwal’s Delhi Electric Vehicle Policy 2020 aims at the acceptance of electric vehicles in Delhi by offering financial assistance to its buyers. The EV policy plans to rollout as many as 5 lakh EVs in the state capital by the end of the year 2024.

     

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