Delhi stops EV subsidies as electric vehicle registrations pick up pace
The Delhi government has stopped subsidies on electric cars and further, it’s not planning to extend it. Transport Minister Kailash Gahlot said that the government does not plan to extend the subsidy scheme on the purchase of electric vehicles any longer. Read further to know more about Delhi stops EV subsidies.
According to the state’s EV policy launched earlier last year, it offered subsidies on the first thousand electric cars bought in the national capital. The EVs received a subsidy of ₹10,000 per kWh of battery capacity, with benefits being capped at ₹1.5 lakh per vehicle. Road tax and registration fees for these vehicles were also waived. For electric two-wheelers, the subsidy amount was ₹5,000 per kWh of battery capacity and a maximum benefit of ₹30,000 per vehicle.
He said “The electric cars segment has received the required push in Delhi. Our focus now is to tap the two-wheeler, freight and public transport segments of electric vehicles (EVs) as they constitute a major chunk of Delhi’s over 10 million registered vehicles. They also ply on the road more as compared to private cars, thereby causing more pollution.”
Delhi saw the registration of 7,869 electric vehicles among overall 1.5 lakh vehicles registered during the period, which is almost seven per cent of the total between July and September. Between August and October, 22,805 electric vehicles were registered in Delhi and in 4 years nearly 31,000 EV registrations took place.
“Actually, a subsidy is not required for e-cars as such because those who can afford to pay around ₹15 lakh for a vehicle do not care if the cost is ₹1-2 lakh more, sans the subsidy. Our aim is to provide the subsidy to those who need it the most, and they include auto drivers, two-wheeler owners, delivery partners and so on,” Gahlot
“We are witnessing good results of our electric vehicle policy and the adoption of such vehicles is gaining pace. We are committed to realising the dream of making Delhi the country’s electric vehicle capital, according to the vision of Chief Minister Arvind Kejriwal,” Gahlot added.
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